Question: Granny Viola has been saving money in the Bread & Butter mutual fund for 15 years. She has been a steady contributor to this fund

Granny Viola has been saving money in the Bread & Butter mutual fund for 15 years. She has been a steady contributor to this fund over those years and has a pattern of putting $100 into the account every 3 months. If her original investment 15 years ago was $500 and interest in the account has varied as shown, what is the current value of her savings?

Years 1-5 Interest Earned in the Account 12% compounded quarterly 6 compounded quarterly compounded quarterly 10-15

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