100000 * 1.02 * 1.02 * 1.02 * 1.02
(assumes 8% annual, compounded quarterly)
My question is this and is very specific:
100000 euros deposited on 1 January in a bank at 8% annually.
What is the value at the end of each quarter of the year?
Is this correct?:
taking the value of to calculate the value of the first quarter.
But I would not know if