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2 years ago

14

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

erly.

1 answer:

dimulka [17.4K]2 years ago

4 0

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

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