SOLUTION: how much money will there be in an acount at the end of 5 years if $1500 is depositied at 6% compounded quarterly, assuming no withdrawals are made?

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Question 325584: how much money will there be in an acount at the end of 5 years if $1500 is depositied at 6% compounded quarterly, assuming no withdrawals are made?
Answer by mananth(16946) About Me  (Show Source):
You can put this solution on YOUR website!
FV = p(1+r/n)^Yn
p=1500
r=0.06
y=5 years
n= number of periods
..
FV= 1500*(1+0.06/4)^4*5
FV =$2020.28