Question
Find the future value of the following annuity due. Then determine how much of this value is from contributions and how much is from interest.
Find the future value of the following annuity due. Then determine how much of this value is from contributions and how much is from interest.
$500 deposited at the beginning of each quarter for 13 years at 8.04% compounded quarterly
The account will have a total of $ _____ after 13 years (round to nearest cent)
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An Introduction to the Mathematics of financial Derivatives
Authors: Salih N. Neftci
2nd Edition
978-0125153928, 9780080478647, 125153929, 978-0123846822
