For the next 13 years, you will deposit $2,250 every quarter in a savings account. The account pays 3,75% interest compounded quarterly. What is the future value of this series? O a. 93,585.77 O b. 149,891.29 c. 72796.45 O d. 436,228.07

EBK CFIN
6th Edition
ISBN:9781337671743
Author:BESLEY
Publisher:BESLEY
Chapter4: Time Value Of Money
Section: Chapter Questions
Problem 12PROB
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QUESTION 4
For the next 13 years, you will deposit $2,250 every quarter in a savings account. The account pays 3,75% interest
compounded quarterly. What is the future value of this series?
a. 93,585.77
O b. 149,891.29
O c. 72796.45
O d. 436,228.07
Transcribed Image Text:QUESTION 4 For the next 13 years, you will deposit $2,250 every quarter in a savings account. The account pays 3,75% interest compounded quarterly. What is the future value of this series? a. 93,585.77 O b. 149,891.29 O c. 72796.45 O d. 436,228.07
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