An ordinary annuity is set up so that $672 is deposited at the end of each quarter
Question:
An ordinary annuity is set up so that $672 is deposited at the end of each quarter for 7 yr. The money earns 4.5% annual interest compounded quarterly. What is the future value of the annuity?
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To calculate the future value of the annuity we can use the formula for the future value of an ordin...View the full answer
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Related Book For 
Intermediate Algebra
ISBN: 9780134895987
13th Edition
Authors: Margaret Lial, John Hornsby, Terry McGinnis
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