Homework Help: Math

Posted by Matt Borchelt on Tuesday, December 13, 2011 at 9:54pm.

Find the accumulated value of quarterly deposits of three hundred dollars each immediately after the 32 deposit If the deposits earn 10% quarterly for the first five years and 12% for the last three years.

Math - Anonymous, Wednesday, December 14, 2011 at 10:21am
S = R[(1+i)n - 1]/i

S1 = 300[(1.008333)^20 - 1]/.008333
S2 = 300[(1.01)^12 - 1]/.01

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