John invests $100 at the end of each quarter for ten years in an account earning an annual eeffectiveinterest rate of 8%. Find John's accumulated value at the time of his last deposits using two...

John invests $100 at the end of each quarter for ten years in an account
earning an annual effective interest rate of 8%. Find John's accumulated
value at the time of his last deposits using two different methods.

Solution:
This is future value of ordinary annuity problem. It is an annuity as it
involves a...