SOLUTION: Determine the amount of the ordinary annuity at the end of the given period. (Round your final answer to two decimal places.) $300 deposited quarterly at 6.7% for 5 years

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Question 1131819: Determine the amount of the ordinary annuity at the end of the given period. (Round your final answer to two decimal places.)
$300 deposited quarterly at 6.7% for 5 years
Answer by ikleyn(52832) About Me  (Show Source):
You can put this solution on YOUR website!
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FV = 300%2A%28%28%281%2B0.067%2F4%29%5E%284%2A5%29-1%29%2F%28%280.067%2F4%29%29%29 = $7,057.91.

On Ordinary Annuity saving plans,  see the lessons
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    - Solved problems on Ordinary Annuity saving plans
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