Question

Find the accumulated value of Rs.5000 invested at the end of each quarter year for 5 years at 8%compunded quarterly. Please help me and also send me the solution not answer

Answer 1

Answer:

7429.36

Step-by-step explanation:

Given Find the accumulated value of Rs.5000 invested at the end of each quarter year for 5 years at 8% compounded quarterly

We have P = 5000, r = 8% = 0.08, t = 5 yrs.

So A = P(1 + r/n) ^nt

   A = 5000(1 + 0.08/4) ^(4)(5)

   A = 5000(4.08 / 4) ^20

  A = 5000 x 1.4859

 A = 7,429.73    

So the accumulated value is 7,429.73