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2 years ago

12

Find the amount of an annuity that consists of 25 quarterly payments of $800 each into an account that pays 8% interest per year

, compounded quarterly. (Round your answer to the nearest cent.)

1 answer:

blsea [12.9K]2 years ago

6 0

Answer: 400

25 x 800 = 20,000 x 8% = 1,600 / 4 = 400

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3 years ago

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