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4 . value: 10.00 points Julianna has deposited $70 at the end of every month for...

Question:

4 . value: 10.00 points Julianna has deposited $70 at the end of every month for the last 20 years. Her investment has earned

4 . value: 10.00 points Julianna has deposited $70 at the end of every month for the last 20 years. Her investment has earned 5.1% compounded quarterly. How much is Julianna's investment worth today? (Do not round intermediate calculations and round your final answer to 2 decimal places.)

Answers

Value today Px[(1+r)^n-1]=r Here, 5.1% 20 A Interest rate per annum B Number of years C Number of payments per per annum A:C

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