Question 1141228

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?
<pre>I know that you must know that this person must be doing a totally different problem, or maybe he's just CONFUSED. 
How can someone deposit $2,000 for 5 years, earning interest of 7%, regardless of annual compounding periods, and end up with $5,772 at the end of those 5 years? 
Is he for real? You decide!!