math: interest on $500 ord. annuity dep. qtrly for 3 yrs, 5%

[vallev]

Find the interest earned in an ordinary annuity of $500 deposited quarterly for three years, invested at 5% compounded quarterly.

 

[Denis]

Re: math

Well, do you have any idea how to do this?

 

[vallev]

Re: math

No

 

[Denis]

Re: math

WHY NOT? Poor teacher? Missed classes?

Did you google "future value of annuity"?

 

[Deleted member 4993]

Re: math

WHY NOT? Poor teacher? Missed classes?

Did you google "future value of annuity"? <<< Look Aladdin - Sir Denis is using google as a verb...

 

[Denis]

Right; great teacher is teachable :idea: