Entire balance in her account to invest in investment

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Reference no: EM131052280

Beverly Hills started a paper route on January 1, 2009. Every three months, she deposits $550 in her bank account, which earns 8 percent annually but is compounded quarterly. On December 31, 2012, she used the entire balance in her account to invest in an investment at 7 percent annually.

How much will she have on December 31, 2015? Use Appendix A and Appendix C for an approximate answer, but calculate your final answer using the formula and financial calculator methods. (Do not round intermediate calculations.( Round your final answer to 2 decimal places.)

Future Value $.......

Reference no: EM131052280

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