# Math Help - Investment/Annuity Question?

1. ## Investment/Annuity Question?

Lily deposited $100 every quarter for 5 years into an annuity. The money remained in the annuity for another 10 years. The annuity paid 5% compounded every month. How much money was in the annuity in the end? I got$3718.04. Can you confirm that this is correct? thanks!

I get $3749.09. I asumed the deposits are made Jan 1, Apr 1, July 1, and Oct 1 each of the first 5 years. 3. ## Re: Investment/Annuity Question? Originally Posted by eleventhhour Lily deposited$100 every quarter for 5 years into an annuity. The money remained in the annuity for another 10 years. The annuity paid 5% compounded every month. How much money was in the annuity in the end?

I got $3718.04. Can you confirm that this is correct? thanks! Slightly drunk but I get the same. Originally Posted by ebaines I get$3749.09. I asumed the deposits are made Jan 1, Apr 1, July 1, and Oct 1 each of the first 5 years.
I get more like \$3764.71 under your assumption.