How much money will be in an account at the end of 99 years if $5,000 is deposited at 4% interest compounded 4 times per year? Assume no deposits or withdrawals are made.(Round to the nearest dollar as needed.)
At the of 99 years, $5,000 will be worth=$257,178.12. You have to use this formula for this:
FV=PV[1 + R]^N=FV OF $1 TODAY, Where R=Interest rate per period, N=number of periods, PV=Present value, FV=Future value.
