Logo
Home Study Material Contact Search
AI Chat FREE
  1. mathematics
  2. basic math
  3. find the future value of an ordinary annuity of 1

Find the future value of an ordinary annuity of 1 000 paid quarterly for 5...

70.2K

Verified Solution

Question

Basic Math

image

Find the future value of an ordinary annuity of 1 000 paid quarterly for 5 years if the interest rate is 7 compounded quarterly Round your answer to the nearest cent

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Medical Sciences
1.2K views

Describe the structures and functions of the neurons and neuroglia of the cerebrum, the cerebellum, the...

Biology
1.2K views

Activity B Specialized cells Sample Human neuron Human skin Get the Gizmo ready ready Question...

Biology
1.2K views

wing questions about RNAi A Why can t RISC use double stranded RNA as a...

Geometry
1.2K views

Find x to the nearest tenth 18 8 Not aan to scale OA OB OC...

Basic Math
1.2K views

Consider the quadratic equation 47 42 7 0 State the values of a b c...

Basic Math
1.2K views

The lengths of the sides of a right triangle are such that the shortest side...

Basic Math
1.2K views

"Maddox starts hiking from the main entrance to a trail. Penny starts her hike from...

Accounting
1.2K views

(Notice: Reference transaction code) Cloveridge, Inc. had the following transactions during a recent period:...

Accounting
1.2K views

Adjusting Entries and Adjusted Trial Balances Emerson Company is a small editorial services company owned...

Accounting
1.2K views

Selling price per bed $ 25.00 $ 60.00 Variable cost per bed $...

Accounting
1.2K views

Draft Co. purchased 14,000 shares of Hamburg Corporation's 40,000 shares of common stock on January...

Finance
1.2K views

QUESTION 8 is defined as the relationship between the benefits a customer gets from a...