Use Figure 5.3. Clayton Camp deposits $500 in an ordinary annuity at the end of each quarter (period). The account earns 6 % annual interest rate compounded quarterly. What is the future value of the account in 2
years?
$4,216.42
$4,335.90
b. $4,532.01
d. $4,008.34
c.
a.
the end of each quarter in an accou

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