Maria D.

asked • 11/26/17

Math of Investment PB

Determine the accumulated value of monthly deposits of $770 each after 10 years if the deposits earn 9.9%/year compounded quarterly. Assume that the deposits are made at the end of each month and that the compound interest is paid for part of an interest period (i,e. For any fractional interest compounding period)

1 Expert Answer


Nikodemus s S. answered • 03/18/23

New to Wyzant

Still looking for help? Get the right answer, fast.

Ask a question for free

Get a free answer to a quick problem.
Most questions answered within 4 hours.


Find an Online Tutor Now

Choose an expert and meet online. No packages or subscriptions, pay only for the time you need.