# What is the value of $600 per quarter for four years at the rate of 8% compounded quarterly?

##### 1 Answer

#### Answer:

#### Explanation:

There are 4 of these calculations per years so instead of using 8% at each calculation we use

Let

Let the count of calculations be

Let the principle sum be

Let the Total in the account at count c be

Then we have:

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You ask:

This implies an output of a list comprising of the progressive value of the $600 plus interest at each quarterly stage over the 4 years.

Calculating for the total of compounded interest plus the principle sum

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Built in Excel as a check