What is the accumulated value after 15.50 years of deposits of $500.00 earning interest at 4.00% compounded semi-annually if the deposits are made at the end of each quarter?

Question

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The Answer is PMT = 500, i = 0.04 ÷ 2 = 0.02, n = 15.5 × 4 = 62, c =

PMT = 500, i = 0.04 ÷ 2 = 0.02, n = 15.5 × 4 = 62, c = = 0.5 p = - 1 = 0.0099505 FV<sub>g</sub> = 500.00 = 500.00(85.18052518) = 42 590.30

= 0.5
p =

- 1 = 0.0099505
FV_g = 500.00 PMT = 500, i = 0.04 ÷ 2 = 0.02, n = 15.5 × 4 = 62, c = = 0.5 p = - 1 = 0.0099505 FV<sub>g</sub> = 500.00 = 500.00(85.18052518) = 42 590.30

= 500.00(85.18052518) = 42 590.30

What Is the Accumulated Value After 15