Tammy wishes to purchase a new laptop in 4 years. She makes quarterly deposits of $130 into an account that pays 4% per year compounded quarterly for 4 years. How much will she have towards the purchase of a new laptop in 4 years?

FV= $2,243.52

Explanation:

Giving the following information:

Number of periods= 4*4= 16

Quarterly deposit= $130

Interest rate= 4%

First, we need to calculate the quarterly interest rate:

Interest rate= 0.04/4= 0.01

Now, using the following formula, we can calculate the final value:

FV= {A*[(1+i)^n-1]}/i

A= annual deposit

FV= {130*[(1.01^16) - 1]} / 0.01

FV= $2,243.52

the correct answer is economics is a game without winners or losers.

unlike sports or games economic is a game without losers or winner rather it is a game where everyone wins. parties of business doing businesses exchange money with each other and hence exchange is done on the basis of goods. one party takes the goods and other sales it so there is winner on both sides. each party values more highly the good it gets than the good it gives up. both sides exchange only because both intend to increase their value. so there is no concept of lose or win.