Mr. chang wants to retire in 10 years. he deposits $650.00 every three months into his retirement investment account. if the account's interest rate is 7.8% compounded quarterly, how much will he have at the end of 5 years, when 20 quarterly deposits of $650.00 have been made?
give answer in us dollars and cents rounded to the nearest cent (do not enter "$" sign)

Mr. Chang will have 15714.90 dollars.

Step-by-step explanation:

p = 650

r =

Number of periods or n =

Future value formula is :

Putting the values in formula we get;

= $15714.90

Hence, Mr. Chang will have 15714.90 dollars.

36/60

36/2=18

60/2=30

18/30

18/3=6

30/3=10

6/10

6/2=3

10/2=5

your final answer would be 3/5 of an

hope this !

$25

step-by-step explanation:

25 - 4.50 = 20.5

20.5 / 2 = 10.25

10.25 + 10 = 20.25

20.25 - 12.50 = 7.75

therefore the answer is $25 as shown as the first number.