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Question: Suppose that $500 is deposited at the end of every quarter for 6 years in an account that pays 8%, compounded quarterly.

(a) What is the total number of payments (periods)?

(b) What is the interest rate per period?

(c) What formula is used to find the future value of the annuity?

(d) Find the future value of the annuity

Engineering Mathematics, Engineering

  • Category:- Engineering Mathematics
  • Reference No.:- M92590690

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