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yulyashka [42]
3 years ago
10

Petey set up an investment program using an annuity due with payments of $3,000 at the beginning of each quarter. Find the inter

est earned on the investment if he makes payments for 5 years into an account expected to pay 8% compounded quarterly.
A. $74,349.96
B. $14,349.96
C. $77,349.96
D. $17,349.96
Mathematics
1 answer:
aleksklad [387]3 years ago
4 0

Answer:

c

Step-by-step explanation:

you would do

m = money overall

(m*1.08) +3000= you would do that twelve times

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