Good Evening,

I am having a hard time figuring out this particular question. If you can provide step-by-step instructions on how you arrived at the answer, I would appreciate it.

QUESTION:

Kelly starting setting aside funds six years ago to buy some new equipment for her firm.She has saved $2,000 each quarter and earned an average rate of return of 7.5 percent. How much money does she currently have saved for this purpose?

Thank you