document.write( "Question 433253: The future value of ordinary annuitites.
\n" ); document.write( "$4000.00 annuity payment
\n" ); document.write( "Payment every 3 months
\n" ); document.write( "Time Period(years) 6
\n" ); document.write( "Nominal Rate 8%
\n" ); document.write( "interest compounded quarterly
\n" ); document.write( "What is the future value of the annuity? \n" ); document.write( "

Algebra.Com's Answer #300398 by jorel1380(3719) $\"\"$ $\"About$

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The future value of the annuity is:
\n" ); document.write( "FV=P(1+rate/periods)^(year x periods)
\n" ); document.write( "FV=4000(1+.02)^24
\n" ); document.write( "FV=6433.75 \n" ); document.write( "

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