Dominic is saving money and plans on making quarterly contributions into an account earning
an annual interest rate of 8.1% compounded quarterly. If Dominic would like to end up with
$2,000 after 4 years, how much does he need to contribute to the account every quarter, to the
nearest dollar? Use the following formula to determine your answer.
a ((1 + i)" - 1)
A=d
2
A = the future value of the account after n periods
d = the amount invested at the end of each period
i = the interest rate per period
n = the number of periods