If $500 is deposited into an investment at the end of every month for five years and the money is then left to accumulate without any more deposits for another five years, what will be the total value of the investment if it earns a rate of 8% compounded quarterly?
A) $187,103
B) $104,519
C) $91,201
D) $57,026
E) $54,516

Question

Quizplus · Accepted Answer

The Answer of If $500 is deposited into an investment at the end of every month for five years and the money is then left to accumulate without any more deposits for another five years, what will be the total value of the investment if it earns a rate of 8% compounded quarterly?
A) $187,103
B) $104,519
C) $91,201
D) $57,026
E) $54,516

If $500 Is Deposited into an Investment at the End