document.write( "Question 1139848: Calculate the future value of the increasing annuity:
\n" ); document.write( "At the end of each quarter year,for 6 years $1,200 is deposited into an investment paying 3.4% interest compounded quarterly \n" ); document.write( "
Algebra.Com's Answer #760463 by Theo(13342)\"\" \"About 
You can put this solution on YOUR website!
inputs to the online calculator at https://arachnoid.com/finance/ are:\r
\n" ); document.write( "
\n" ); document.write( "\n" ); document.write( "present value = 0
\n" ); document.write( "future value = 0
\n" ); document.write( "number time periods are 6 years * 4 quarters per year = 24 quarters.
\n" ); document.write( "payment at the end of each qurter is 1200 (shown as negative because it's money going out).
\n" ); document.write( "interest rate per time period = 3.4% / 4 = .85%\r
\n" ); document.write( "
\n" ); document.write( "\n" ); document.write( "click on fv and the calculator tells you that the future value of the payments is $31,798.79\r
\n" ); document.write( "
\n" ); document.write( "\n" ); document.write( "here's the display of the results using this calculator.\r
\n" ); document.write( "
\n" ); document.write( "\n" ); document.write( "\"$$$\"\r
\n" ); document.write( "
\n" ); document.write( "\n" ); document.write( " \n" ); document.write( "
\n" );