What is the accumulated value of periodic deposits of $5,000 made into an investment fund at the beginning of every quarter, for 5 years, if the interest rate is 2.75% compounded quarterly? Round to the nearest cent. Use python

The accumulated value of the periodic deposits of $5,000 made at the beginning of every quarter for 5 years, with an interest rate of 2.75% compounded quarterly, is $107,543.02.

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Here are 5 numbered questions you might want to ask:
1. How is the future value of an annuity calculated?
2. Can you explain the formula used in this calculation?
3. What if the deposits were made at the end of each period instead?
4. How does the compounding frequency affect the accumulated value?
5. Can you show a breakdown of the calculations for each period?

Tip: When dealing with investments, always consider the impact of the compounding frequency on the returns.

Learn how to calculate the accumulated value of periodic deposits of $5,000 made at the beginning of every quarter for 5 years, with an interest rate of 2.75% compounded quarterly. The total accumulated amount is $107,543.02. Explore the detailed calculation and understand the impact of compounding frequency on returns.

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