If $2000 is deposited at the end of each quarter into an account that earns 6% compounded

Question:

If $2000 is deposited at the end of each quarter into an account that earns 6% compounded quarterly, how long until the account reaches $50,000?
(a) State whether the problem relates to an ordinary or an due, and then
(b) Solve the problem.
Annuity
An annuity is a series of equal payment made at equal intervals during a period of time. In other words annuity is a contract between insurer and insurance company in which insurer make a lump-sum payment or a series of payment and, in return,...