At the beginning of each period, a person deposited an amount of 1,000 each for a period of 3 years at a quarterly compo

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answerhappygod
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At the beginning of each period, a person deposited an amount of 1,000 each for a period of 3 years at a quarterly compo

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At the beginning of each period, a person deposited an amount of 1,000 each for a period of 3 years at a quarterly compound rate of 3%. Calculate the total receivable after two years have passed from the date of the last payment, knowing that the interest is added every quarter
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