SOLUTION: The amount of an ordinary $7,500.00 annuity for 3 years at 12% compounded quarterly is: $23,182.50 $25,305.00 $180,997.50 $106,440.00 none o

Algebra ->  Customizable Word Problem Solvers  -> Finance -> SOLUTION: The amount of an ordinary $7,500.00 annuity for 3 years at 12% compounded quarterly is: $23,182.50 $25,305.00 $180,997.50 $106,440.00 none o      Log On

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Question 676980: The amount of an ordinary $7,500.00 annuity for 3 years at 12% compounded quarterly is:
$23,182.50
$25,305.00
$180,997.50
$106,440.00
none of the above
Answer by rfer(16322) About Me  (Show Source):
You can put this solution on YOUR website!
A=7500(1+0.12/4)^4*3
A=7500(1.03)^12
A=7500*1.42576
A=$10,693.20
None of the above