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Determine the accumulated value after 7 years of deposits of $316.00 made at the beginning of every three months and earning interest at 7%, with the payment and compounding intervals the same.    The accumulated value is $   (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

Determine the accumulated value after 7 years of deposits of $316.00 made at the beginning of every three months and earning interest at 7%, with the payment and compounding intervals the same.    The accumulated value is $   (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter7: Exponents And Exponential Functions
Section: Chapter Questions
Problem 69SGR
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Determine the accumulated value after 7 years of deposits of $316.00 made at the beginning of every three months and earning interest at 7%, with the payment and compounding intervals the same. 

 

The accumulated value is $  

(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) 

  

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