Mathematics, 30.06.2019 03:00 shaylawymannnnn
Jorgen grace made deposits of $250 at the end of each year for 12 years. the rate received was 6% annually. what is the value of the investment after 12 years? $2,028 $3,000 $4,217.48 $4,200 none of these
Answers: 1
![A[((1+i)^{n}-1)/i]](/tpl/images/0033/3132/49fff.png)
![250[((1+0.06)^{12}-1)/0.06]](/tpl/images/0033/3132/4db58.png)
![250[((1.06)^{12}-1)/0.06]](/tpl/images/0033/3132/152bc.png)
![250[(2.0121-1)/0.06]](/tpl/images/0033/3132/db690.png)
= 4217.25 which is near to $4217.48
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Jorgen grace made deposits of $250 at the end of each year for 12 years. the rate received was 6% an...
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