SOLUTION: Determine the amount of the ordinary annuity at the end of the given period. (Round your final answer to two decimal places.)
$300 deposited quarterly at 6.7% for 5 years
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Question 1131819: Determine the amount of the ordinary annuity at the end of the given period. (Round your final answer to two decimal places.)
$300 deposited quarterly at 6.7% for 5 years
Answer by ikleyn(52832) (Show Source): You can put this solution on YOUR website!
.
FV = = $7,057.91.
On Ordinary Annuity saving plans, see the lessons
- Ordinary Annuity saving plans and geometric progressions
- Solved problems on Ordinary Annuity saving plans
in this site.
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