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

Question

2 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] · Answer 1 · 2022-12-11T05:02:49+03:00

aleksklad [387]2 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