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BE 6-6 Future value; ordinary annuity 06-6 Leslie McCormack is in the spring quarter of her freshman year of college. She and her friends already

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BE 6-6 Future value; ordinary annuity 06-6 Leslie McCormack is in the spring quarter of her freshman year of college. She and her friends already are planning a trip to Europe after graduation in a little over three years. Leslie would like to contribute to a savings account over the next three years in orderto accumulate enough money to take the trip, Assuming an interest rate or4% compounded quarterly how much will she accumulate in three years by depositing s500 at the end of each of the next 12 quarters, beginning three months from now

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