Determine the future value of $150 made at the end of every quarter for 15 years, given an interest rate of 4.5% compounded monthly.
A) $12,772.78
B) $12,904.12
C) $13,401.86
D) $13,915.68
E) $14,202.22

Question

Quizplus · Accepted Answer

The correct answer is A because the future value of $150 made at the end of every quarter for 15 years, given an interest rate of 4.5% compounded monthly, is $12,772.78.

Determine the Future Value of $150 Made at the End