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$252 invested every quarter in annuity that pays 6.6% interest, compounded quarterly. What is the total value after 21 years? I got M=252, r=0.066, n=4,
$252 invested every quarter in annuity that pays 6.6% interest, compounded quarterly. What is the total value after 21 years?
I got M=252, r=0.066, n=4, and t=21 but idk the correct way to plug everything in and get the answer?
Your answer is incorrect. To save money for his daughter's college tuition, Brian invests $252 every quarter in an annuity that pays 6.6% interest, compounded quarterly Payments we be made at the end of each quarter. Find the total value of the annuity in 21 years. Do not round any intermediate computations, and round your final answer to the nearest , cent. If necessary, refer to the list of financial mulas $60,325.46 5 ? Save For Latur 5Step by Step Solution
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