Still assuming interest is compounded quarterly

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If you deposit exist150 into an account every quarter from the time you start college until you graduate five years later, what will be the balance in the account assuming you can earn 5% APR interest on the balance? Now, if once you graduate, you leave the balance in and don't add anything to it, how much will you have after 20 more years have passed (i.e. 25 years from now) still assuming interest is compounded quarterly? Now, repeat the question assuming that you deposit exist600 annually and earn interest annually instead of quarterly.

Reference no: EM131590442

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