+21 $1500 deposited at the end of every three months for 25 years at 5.75%compounded quarterly.
+36916 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 !
