SOLUTION: 28. Find the future value of each ordinary annuity, if payments are made and interest is compounded as given. R = 4600; 8.73% interest compounded quarterly for 9 years.

SOLUTION: 28. Find the future value of each ordinary annuity, if payments are made and interest is compounded as given. R = 4600; 8.73% interest compounded quarterly for 9 years.

Algebra.Com

Question 215312: 28. Find the future value of each ordinary annuity, if payments are made and interest is compounded as given. R = 4600; 8.73% interest compounded quarterly for 9 years.
Answer by checkley77(12844) (Show Source): You can put this solution on YOUR website!
r=4600(1+.0873/4)^9*4
r=4600(1+.021825)^36
r=4600*1.021825^36
r=4600*2.17548
r=$10,007.20 ans.
RELATED QUESTIONS
Find the future value of the following ordinary annuities. Payments are made and interest (answered by ikleyn)

I need help with these problems.. plese show me how to solve them...thanks.... Problem#... (answered by stanbon)

We have used the formula A = R (1 + i)n − 1 i to find the future value of... (answered by MathLover1,MathTherapy,ikleyn)

Find the present value of an ordinary annuity of $600 payments each made quarterly over 5 (answered by lynnlo)

Find the present value of an ordinary annuity of $4,000 payments each made annually... (answered by lynnlo)

Find the future value of the ordinary annuity. Interest is compounded annually, unless... (answered by jorel1380)

Please help to solve this, thanks. Suppose payments were made at the end of each quarter (answered by robertb)

PLEASE EXPLAIN Find the present value of an ordinary annuity of $500 payments each... (answered by Theo)

The future value of an annuity is A=$32,000. Periodic payments are made quarterly for... (answered by Fombitz)