Ub wong plans to make quarterly deposits of 200 for 5 years, Finance Basics

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Ub wong plans to make quarterly deposits of 200 for 5 years

Question: Ub Wong plans to make quarterly deposits of $200 for 5 years into a savings account. The deposits will be made at the end of each quarter. The savings account pays interest at an annual rate of 8% compounded quarterly. How much will Wong have accumulated in the savings account at the end of the 5 year period?

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Finance Basics: Ub wong plans to make quarterly deposits of 200 for 5 years

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