Question
Red Deer City Council has committed to investing $200,000 into a New Minor Hockey Arena Fund at the beginning of every quarter for the next
Red Deer City Council has committed to investing $200,000 into a New Minor Hockey Arena Fund at the beginning of every quarter for the next seven years. The Fund is expected to earn 8% compounded quarterly. What will be the value of the fund at the end of the seven years?
A. $5,921,883
B. $6,945,783
C. $7,558,447
D. $8,421,134
E. $9,767.125
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Quantitative Investment Analysis
Authors: Richard A. DeFusco, Dennis W. McLeavey, Jerald E. Pinto, David E. Runkle
3rd edition
111910422X, 978-1119104544, 1119104548, 978-1119104223
