SOLUTION: what will an investor receive at the end of 5 years who invest Rs.300000/- in scheme that pays 4% per quarter every quarter?

Question 1074049: what will an investor receive at the end of 5 years who invest Rs.300000/- in scheme that pays 4% per quarter every quarter?
Found 2 solutions by rfer, MathTherapy:
Answer by rfer(16322) (Show Source): You can put this solution on YOUR website!
FV=300000(1.04)^4*5
FV=300000(2.19)
FV=657000
Answer by MathTherapy(10552) (Show Source): You can put this solution on YOUR website!
what will an investor receive at the end of 5 years who invest Rs.300000/- in scheme that pays 4% per quarter every quarter?

The way I understand it, the correct answer is:
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