Question: please solve problem #3 2. (4 points) Suppose you invest $1200 at the end of each quarter into an account that pays an annual interest

please solve problem #3

2. (4 points) Suppose you invest $1200 at the end of each quarter into an account that pays an annual interest rate of 8% compounded quarterly. How much is in the account after 10 years?

3. Consider the account from Problem #2.

A. What is the present value of the $1200 that I pay into the account each year after 10 years? (Remember that the account pays an annual interest rate of 8% compounded quarterly.)

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