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Gennadij [26K]
4 years ago
5

Answer each of the following questions.

Mathematics
1 answer:
Olegator [25]4 years ago
3 0

Answer:

  $13,045.68

Step-by-step explanation:

The future value of an annuity is given by the formula ...

  A = P((1 +r/n)^(nt)-1)/(r/n)

where r is the annual interest rate, n is the number of times it is compounded per year, and t is the number of years.

Filling in the given numbers, we have ...

  A = $200((1+.05/4)^(4*12) -1)/(.05/4) ≈ $13,045.68

After 12 years, the accumulated value is $13,045.68.

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