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$1500 deposited at the end of every three months for 25 years at 5.75%compounded quarterly.

 Mar 2, 2021
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Ordinary annuity    =====> deposits at end of periods

Annuity due =====> deposits at BEGINNING of periods

 

This is an ordinary annuity

deposits and compounding are quarterly .....4 times year

25 years = 100 periods            decimal interest per period = .0575/4

 

FV = pmt * [( 1+r)^n -1] /r

     = 1500 *  [ (1+.0575/4)100  -1] / (.0575/4) = $ ...........         I would do the calc twice to be sure you didn't make a mistake  !

 Mar 2, 2021

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