Answer to Question #82192 in Financial Math for johnlloyd parcon

Question

started to deposit 2000 quarterly in a fund that pays 5.5% compounded quarterly how much will be in the fund after 6 years

Answer 1

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.