document.write( "Question 1141276: If an employee deposits Rs. 2,000 at the end of each year into his company’s plan which pays 7% interest compounded quarterly, how much will he have in the account at the end of 5 years?\r
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Algebra.Com's Answer #761804 by Boreal(15235)![]() ![]() You can put this solution on YOUR website! this is 2000(1+(.07/4))^20, the 20 is the number of compounding that occurs. \n" ); document.write( "=$2829.56 \n" ); document.write( " |