Question

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?

Answer 1

S.No	Monthly Installment	Interest	Principal	Balance
0				2000
1	66	58	9	1991
2	66	57	9	1983
3	66	57	9	1973
4	66	57	9	1964
5	66	56	10	1955
6	66	56	10	1945
7	66	56	10	1934
8	66	56	10	1924
9	66	55	11	1913
10	66	55	11	1902
11	66	55	11	1891
12	66	54	12	1879
13	66	54	12	1867
14	66	54	12	1855
15	66	53	13	1842
16	66	53	13	1829
17	66	53	14	1815
18	66	52	14	1801
19	66	52	14	1787
20	66	51	15	1772
21	66	51	15	1757
22	66	51	16	1741
23	66	50	16	1725
24	66	50	16	1709
25	66	49	17	1692
26	66	49	17	1675
27	66	48	18	1657
28	66	48	18	1638
29	66	47	19	1619
30	66	47	20	1600
31	66	46	20	1580
32	66	45	21	1559
33	66	45	21	1538
34	66	44	22	1516
35	66	44	23	1493
36	66	43	23	1470
37	66	42	24	1446
38	66	42	25	1422
39	66	41	25	1397
40	66	40	26	1371
41	66	39	27	1344
42	66	39	27	1317
43	66	38	28	1288
44	66	37	29	1259
45	66	36	30	1229
46	66	35	31	1199
47	66	34	32	1167
48	66	34	33	1134
49	66	33	33	1101
50	66	32	34	1067
51	66	31	35	1031
52	66	30	36	995
53	66	29	37	957
54	66	28	39	919
55	66	26	40	879
56	66	25	41	838
57	66	24	42	796
58	66	23	43	753
59	66	22	44	708
60	66	20	46	663
61	66	19	47	616
62	66	18	48	567
63	66	16	50	518
64	66	15	51	466
65	66	13	53	414
66	66	12	54	359
67	66	10	56	304
68	66	9	57	246
69	66	7	59	187
70	66	5	61	127
71	66	4	62	64
72	66	2	64	0