Find the best answers to your questions with the help of IDNLearn.com's knowledgeable users. Get the information you need from our community of experts who provide accurate and thorough answers to all your questions.

Shen wants to save money to purchase a car. He buys an annuity with quarterly payments that earn 2.5% interest, compounded quarterly. Payments will be made at the end of each quarter. Find the total value of the annuity in 5 years if each quarterly payment is $928 .