Regular payments of $2000 are made at the end of each compounding period. The account earns a rate of 5.1% per year, compounded 4 times per year. What is the future value of this account after 38 years? Answer: $

Regular payments of $2000 are made at the end of each compounding period. The account earns a rate of 5.1% per year, compounded 4 times per year. What is the future value of this account after 38 years? Answer: $

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Regular payments of $2000 are made at the end of each compounding period. The account earns a rate of
5.1% per year, compounded 4 times per year. What is the future value of this account after 38 years?
Answer: $

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