![\bf \qquad \qquad \textit{Future Value of an ordinary annuity} \\\\ A=pymnt\left[ \cfrac{\left( 1+\frac{r}{n} \right)^{nt}-1}{\frac{r}{n}} \right]](/tpl/images/0480/8387/907a5.png)
![\bf \qquad \begin{cases} A= \begin{array}{llll} \textit{original amount}\\ \textit{already compounded} \end{array}& \begin{array}{llll} \end{array}\\ pymnt=\textit{periodic payments}\to &200\\ r=rate\to 7\%\to \frac{7}{100}\to &0.07\\ n= \begin{array}{llll} \textit{times it compounds per year}\\ \textit{quarterly, four quarters} \end{array}\to &4\\ t=years\to &12 \end{cases} \\\\\\ A=200\left[ \cfrac{\left( 1+\frac{0.07}{4} \right)^{4\cdot 12}-1}{\frac{0.07}{4}} \right]](/tpl/images/0480/8387/554b2.png)
I'm sorry but these are the multiple choice answers.
find the future value of the annuit...
Mathematics, 29.01.2020 06:54 xoudoyditaous85alja
I'm sorry but these are the multiple choice answers.
find the future value of the annuity due for $200 deposited at the beginning of each quarter for 12 years at 7% compounded quarterly.
a) 3,828.13
b) 14,652.56
c) 14,200.55
d) 15,112.48
Answers: 3
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