Five thousand dollars is deposited into an ordinary annuity after each quarter for 3 years. The account pays 6
percent interest compounded quarterly. What is the future value of the account in 3 years?

Question

07-11-2022
Mathematics

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Five thousand dollars is deposited into an ordinary annuity after each quarter for 3 years. The account pays 6
percent interest compounded quarterly. What is the future value of the account in 3 years?

Sagot :

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