You have set up an investment that pays 5% compounded quarterly but requires deposits of $1,000...

You have set up an investment that pays 5% compounded quarterly but requires deposits of $1,000 at the beginning of each quarter period for 4 years. How much will you have in the account in 4 years?

The account will be worth $ in 4 years? (Round to 2 decimal places.)

Expert Solution

jeff jeffy answered 2 years ago

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