Logo
Home Study Material Contact Search
AI Chat FREE
  1. mathematics
  2. basic math
  3. find the future value of an ordinary annuity of 4

Find the future value of an ordinary annuity of 4 000 paid quarterly for 5...

70.2K

Verified Solution

Question

Basic Math

image

Find the future value of an ordinary annuity of 4 000 paid quarterly for 5 years if the interest rate is 7 compounded quarterly Round your answer to the nearest cent X

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: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Mr. Agirich of Aggie Farms is considering the purchase of 100 acres of prime ranch land...

Finance
Q

What might happen to blood pressure if epinephrine is administered alone. Draw a typical control diagram,...

Medical Sciences
Q

Design and build an active second order low pass filter with cut off frequency of 8kHz...

Electrical Engineering
Q

Make up a conditional statement of your own, clearly state it then find the following: The statement: What...

Advance Math
Q

3. For each of the following relations on the set Z of integers, determine if it...

Advance Math
Q

Assume that you have a company. And the management estimates that 5% of sales will be...

Accounting
Q

When light of wavelength is incident oneg surface the kinetic energy of photoelectron is E...

Physics
Q

4C. Part 2. Special Revenue Fund Transactions Required: a. Record journal entries for the following...

Accounting
Q

At June 30 2022, the end of its most recent fiscal year, Whispering Winds Computer...

Accounting
Q

Question 8 10 pts The net income of a company for the year was $500.000....

Accounting
Q

After working for In the Kitchen remodeling business for several years, Terry and Phyllis decided...

Accounting
Q

Northwood Company manufactures basketballs. The company has a ball that sells for $25. At present,...

Accounting