Question: Boris has a geometric annuity due whose quarterly payments (at the start of each period) grow 4.500% each quarter. The first payment is $3,952.24, the

Boris has a geometric annuity due whose quarterly payments (at the

Boris has a geometric annuity due whose quarterly payments (at the start of each period) grow 4.500% each quarter. The first payment is $3,952.24, the nominal interest rate is r⁽²⁶⁾ = 5.200%, and the term is 2 years. What is the future value of his annuity?

Boris has a geometric annuity due whose quarterly payments (at the start of each period) grow 4.500% each quarter. The first payment is $3,952.24, the nominal interest rate is r(26) = 5.200%, and the term is 2 years. What is the future value of his annuity? O a. $33,714.50. O b. $37,634.79. O c. $40,771.02. O d. $38,697.07. O e. $39,202.91

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