Betty Hernandez invested $5000 four times a year in an annuity due at Midwest Investments for a
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Question:
Betty Hernandez invested $5000 four times a year in an annuity due at Midwest Investments for a period of 4 years at an interest rate of 12% compounded quarterly. Using the ordinary annuity table, calculate the total value of the annuity due at the end of the 4 year period.
Related Book For
Intermediate Accounting
ISBN: 978-0324300987
10th Edition
Authors: Loren A Nikolai, D. Bazley and Jefferson P. Jones
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