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Payments of $5,000 per quarter are deposited into a fund at the end of each quarter for 11 years. If interest is 11.4% p.a. compounding
Payments of $5,000 per quarter are deposited into a fund at the end of each quarter for 11 years. If interest is 11.4% p.a. compounding quarterly, the size of the fund at the end of 11 years will be to nearest dollar but don't include $ sign or commas): Answer: Payments of $1,000 per quarter are deposited into a fund at the end of each quarter for 6 years. If interest is 7% p.a. compounding quarterly, the size of the fund at the end of 6 years will be: Select one: A. $19,460.69 B. $19,066.16 C. $19,099.90 D. $ 29,511.02
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