19 800 is invested at a rate of 9 8 per year compounded 4

Last updated: 2/7/2023

19 800 is invested at a rate of 9 8 per year compounded 4 times per year In addition regular payments of 100 are made at the end of each compounding period What is the future value of this account after 30 years Answer 1 M Hint Imagine this as two separate investments How much will you have all together in 30 years