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At the beginning of each year for 4 years, you deposit $420 in an account which earns 6.5% compounded quarterly. How much is in the
At the beginning of each year for 4 years, you deposit $420 in an account which earns 6.5% compounded quarterly. How much is in the account at the end of 4 years?
These answers have been tried and are incorrect : 7604.52, 7728.09, 8230.41, 7152.92, 7000.02, 8242.79, 2166.66, 2200.51, 8148.09, 6025.40, 1901.13, 1932.02, 1749.37.
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