Douglass000 Douglass000
  • 20-05-2017
  • Mathematics
contestada

Find the future value of the annuity due for $200 deposited at the beginning of each quarter for 12 years at 7% compounded quarterly.

Respuesta :

BHmohammad
BHmohammad BHmohammad
  • 20-05-2017
200*(107%)^x

x is the number of quarters that passed.
each year has 4 quarters, so 12 yaers would have: 12*4 = 48 quarters

200*(107%)^48 = 5146
Answer Link

Otras preguntas

How did the goal described in this excerpt most affect the u. S. Economy?.
One side of a rectangle is twelve feet longer than three times another side of the rectangle . Find the sides we also know that the area of the rectangle is 231
The sum of two numbers is 55. Their difference is −1. Find the numbers.
Someone pls help, I will pick brainliest!
A property was listed for $640,000, but eventually sold for $580,000. The seller paid a commission of 5%. How much did the listing broker earn as a commission?
The force of a hammer drives a nail into wood. This is an example of. A. An unbalanced force.
PLSSSS ANSWER THIS QUESTION FAST WILL MARK BRAINLIEST
I need help pls guys​
What is the measure of \angle K∠Kangle, K?
Which three pairs of concept best describes the roaring 20s