A company deposits $12,000 at the beginning of each quarter into an account that earns 7.2% compounded

Question:

A company deposits $12,000 at the beginning of each quarter into an account that earns 7.2% compounded quarterly. How much will be in this account after 5 years?
(a) State whether the problem relates to an ordinary or an due, and then
(b) Solve the problem.
Annuity
An annuity is a series of equal payment made at equal intervals during a period of time. In other words annuity is a contract between insurer and insurance company in which insurer make a lump-sum payment or a series of payment and, in return,...