SOLUTION: Find the future value of the ordinary annuity. Interest is compounded annually, unless otherwise indicated. R = $10,000, i = 3% interest compounded quarterly for 7 years

SOLUTION: Find the future value of the ordinary annuity. Interest is compounded annually, unless otherwise indicated. R = $10,000, i = 3% interest compounded quarterly for 7 years

Algebra.Com

Question 1097206: Find the future value of the ordinary annuity. Interest is compounded annually, unless otherwise indicated.

R = $10,000, i = 3% interest compounded quarterly for 7 years

Answer by jorel1380(3719) (Show Source): You can put this solution on YOUR website!
.03/4=.0075
10,000*(1+0.0075)^(7x4)=10,000*(1.0075)^28=$ 12327.1174757 as the future value
☺☺☺☺
RELATED QUESTIONS
Please help me with this problem: Find the future value of the ordinary annuity.... (answered by feliz1965)

Please Help: Find the future value of the ordinary annuity. Interest is compounded... (answered by stanbon)

can someone please help me with this problem i can't figure it out. Find the future... (answered by checkley77)

Please help me with this problem: Find the future value of the ordinary annuity.... (answered by feliz1965)

Please Help: Find the future value of the ordinary annuity. Interest is compounded... (answered by Theo)

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)

28. Find the future value of each ordinary annuity, if payments are made and interest is... (answered by checkley77)

Please solve. Find the future value of the ordinary annuity. R=$9000.00, I=10%... (answered by rfer)