Periodic Deposit Rate 59000 at the end of every three months 5.75% compounded quarterly Time...

90.2K

Verified Solution

Question

Accounting

image
Periodic Deposit Rate 59000 at the end of every three months 5.75% compounded quarterly Time 5 years a. Find the value of the annuity b. Find the interest a. The value of annuity after 5 years is approximately $IN (Do not round until the final answer. Then found to the nearest dollar as needed

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