I decided to put in bank $1,000 a quarter for the next
four years paying 12% interest compounded quarterly, How much will I have at
end of 4th year rounded to nearest whole dollar?
Dear your question is under-progress, it would be available to you as soon as it completes within next few minutes.
FV = P (1 + r / n)n
here; r = (12/4)% = 3% , n = 4x4 = 16, P = $1,000
FV = $1,000 x (1 + .03)16
FV = $1,605
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