Question 4 M.T. Glass opened a savings account by making an initial deposit of $34,800. M. T. intends to make equal deposits of $5,000 into the savings account at the end of every three months for the next six years. M.T. will earn 20% interest compounded quarterly on all deposits with the bank. Calculate the amount that will be in M.T. Glass' savings account in six years. You will need to use the time value of money table factors posted in carmen to answer this question. To access these factors, click modules and then scroll to week 11. Click on the link labeled present & future value table factors. No credit will be awarded for this question using a means other than these posted table factors to answer this question.

M. T. Glass opened a savings account by making an initial deposit of $34,800. M.T. intends to make equal deposits of $5,000 into the savings account at the end of every three months for the next six years. M.T. will earn 20% interest compounded quarterly on all deposits with the bank. Calculate the amount that will be in M.T. Glass' savings account in six years. You will need to use the time value of money table factors posted in carmen to answer this question. To access these factors, click modules and then scroll to week 11 . Click on the link labeled present & future value table factors. No credit will be awarded for this question using a means other than these posted table factors to answer this