Gerry deposits $2000 at the end of every 3-month period in a fund earning interest at j₂ = 8%.If the fund pays simple interest for the fractional part of any interest period,what is the accumulated value of Gerry's deposits at the end of 5 years?

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The Answer of Gerry deposits $2000 at the end of every 3-month period in a fund earning interest at j₂ = 8%.If the fund pays simple interest for the fractional part of any interest period,what is the accumulated value of Gerry's deposits at the end of 5 years?

Gerry Deposits $2000 at the End of Every 3-Month Period