Answer to Question #82192 in Financial Math for johnlloyd parcon

Question #82192
started to deposit 2000 quarterly in a fund that pays 5.5% compounded quarterly how much will be in the fund after 6 years
1
Expert's answer
2018-10-22T12:07:09-0400

If you started to deposit 2000 quarterly in a fund that pays 5.5% compounded quarterly,

then there will be FV = 2000*(1 + 0.055/4)^(4*6) = $2775.69 in the fund after 6 years.

Need a fast expert's response?

Submit order

and get a quick answer at the best price

for any assignment or question with DETAILED EXPLANATIONS!

Comments

No comments. Be the first!

Leave a comment

LATEST TUTORIALS
APPROVED BY CLIENTS