document.write( "Question 201905: Please Help:
\n" );
document.write( "Find the future value of the annuity due.\r
\n" );
document.write( "\n" );
document.write( "$200 deposited at the beginning of each quarter for 7 years at 5% compounded quarterly
\n" );
document.write( " A) $6739.08
\n" );
document.write( " B) $6176.17
\n" );
document.write( " C) $1709.82
\n" );
document.write( " D) $6455.88
\n" );
document.write( " \n" );
document.write( "
Algebra.Com's Answer #152204 by rfer(16322)![]() ![]() ![]() You can put this solution on YOUR website! FV=(P*((1+i)^n-1)/i)(1+i) \n" ); document.write( "FV=(200*((1+(.05/4)^28-1)/(.05/4))(1+i) \n" ); document.write( "FV=((200*((1.0125)^28-1)/.0125)(1.0125) \n" ); document.write( "FV=83.1984608/.0125=6655.876864*1.0125=6739.08 (A) \n" ); document.write( " |