SOLUTION: Find the amount of an ordinary annuity for 5 years of quarterly payments of $2,200 that earn interest at 4% per year compounded quarterly
Algebra
->
Customizable Word Problem Solvers
->
Finance
-> SOLUTION: Find the amount of an ordinary annuity for 5 years of quarterly payments of $2,200 that earn interest at 4% per year compounded quarterly
Log On
Ad:
Over 600 Algebra Word Problems at edhelper.com
Word Problems: Money, Business and Interest
Word
Solvers
Solvers
Lessons
Lessons
Answers archive
Answers
Click here to see ALL problems on Money Word Problems
Question 697219
:
Find the amount of an ordinary annuity for 5 years of quarterly payments of $2,200 that earn interest at 4% per year compounded quarterly
Answer by
lynnlo(4176)
(
Show Source
):
You can
put this solution on YOUR website!
$484.42
$2684.42