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Find accumulated value of the fund

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Sarah deposited $26,500 into a fund at the beginning of every quarter for 16 years. He then stopped making deposits into the fund and allowed the investment to grow for 4 more years. The fund was growing at 4.89% compounded monthly.

a. What was the accumulated value of the fund at the end of year 16?

b. What was the accumulated value of the fund at the end of year 20?

c. What is the total amount of interest earned over the 20-year period?

Please use algebra with details

Reference no: EM132685648

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