Question 1188537
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Find the present value and future value of quarterly payments of 5,000 pesos for 10 years 
with an interest rate of 2% compounded annually.
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            Your post/problem seems to be strange to me,  since it tells about quarterly payments that are compound annually.


            But if it is so,  then the calculations of tutor  @Shin123 are  IRRELEVANT.



If it is so,  then we have,  actually,  a classic Annuty Due account with the annual payment 
of 5000*4 = 20000 pesos compounded 2% yearly.


<pre>
If it is so, then the future value after 10 years is


    FV = {{{20000*(((1+0.02)^10-1)/0.02)}}} = 218994.42  pesos.    <U>ANSWER</U>
</pre>

Solved (correctly).


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On Ordinary Annuity saving plans, &nbsp;see the lessons

&nbsp;&nbsp;&nbsp;&nbsp;- <A HREF=http://www.algebra.com/algebra/homework/Sequences-and-series/Ordinary-Annuity-saving-plans-and-geometric-progressions.lesson>Ordinary Annuity saving plans and geometric progressions</A>

&nbsp;&nbsp;&nbsp;&nbsp;- <A HREF=https://www.algebra.com/algebra/homework/Sequences-and-series/Solved-problem-on-Ordinary-Annuity-saving-plans.lesson>Solved problems on Ordinary Annuity saving plans</A>

in this site.


The lessons contain &nbsp;EVERYTHING &nbsp;you need to know about this subject, &nbsp;in clear and compact form.


When you learn from these lessons, &nbsp;you will be able to do similar calculations in semi-automatic mode.



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This case shows that it is not sufficient to have solvers for each problem - 


in addition, &nbsp;a user should use the solvers in a proper way &nbsp;(&nbsp;!&nbsp;)