Mathematics, 12.11.2020 19:20 janelle3496
Find the future value of an ordinary annuity of $200 paid quarterly for 6 years, if the interest rate is 10%, compounded quarterly. (Round your answer to the nearest cent.)
Answers: 3
![\frac{A{[(1+r)^{n} - 1]}}{r}](/tpl/images/0891/7454/64490.png)
![\frac{200[(1+0.1)^{6}-1] }{0.1}](/tpl/images/0891/7454/ee6a4.png)
![\frac{200[1.1^{6}- 1] }{0.1}](/tpl/images/0891/7454/58acc.png)
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Find the future value of an ordinary annuity of $200 paid quarterly for 6 years, if the interest rat...
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