If you deposit $250 into an account at the end of every quarter for 10...

70.2K

Verified Solution

Question

Finance

If you deposit $250 into an account at the end of every quarter for 10 years and can earn 8% interest (compounded quarterly), how much would your investment be worth at the time of the final deposit?

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students