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Amy Hirt started a paper route on January 1, 2009. Every three months, she deposits $650 in her bank account, which earns 8 percent annually
Amy Hirt started a paper route on January 1, 2009. Every three months, she deposits $650 in her bank account, which earns 8 percent annually but is compounded quarterly. On December 31, 2012, she used the entire balance in her bank account to invest in a contract that pays 7 percent annually. How much will she have on December 31, 2015? (Use a Financial calculator to arrive at the answer.
Round the final answer to the nearest whole dollar.) Future value $
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