Rodney cashman has been investing $2,000 quarterly for the past 18 years in an equity mutual fund. how much is the fund worth now assuming he has earned 11.5% compounded quarterly on his investment?

Rodney Cashman's fund is worth $ 465,862.95 after investing for the past 18 years.

Explanation:

Given: Number of periods - 18 years * 4 quarters = 72

Periodic payment - $2,000

Interest Rate - 11.5%

Formula: FV of Annuity= p [(1+ r/m)n-1/ (r/m)]

Where:

P - Periodic Payment

r - interest rate

n - number of periods

m - compounding period

FV of Annuity =$ 465,862.95

answer: qué lástima, pero no podré ir.

explanation: the expression "qué lástima" means "what a pity" and indicates disgust, because she would like to go but she can't go.

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