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Ann Landers deposits $100 at the end of each month into her bank savings account

Ann Landers deposits $100 at the end of each month into her bank savings account. The bank pays 6% interest, it is compounded and paid quarterly. No interest is paid on money not in the account for the full three-month period. How much will be in Ann’s account at the end of three years?

So i thought you would use this equation F=A(((1+i)^n)-1)/i

where i is interest n is period. but i don't know how to add in the fact she doesn't get interest unless it has been in the full 3 months. If any one could help that would be great.

Apr 26 2018 Read more Less More

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