Question
Patricia Gonzales invested$7500four times a year in an annuity due at Southern Trust Company for a period of4years at an interest rate of12%compounded quarterly. Using
Patricia Gonzales invested$7500four times a year in an annuity due at Southern Trust Company for a period of4years at an interest rate of12%compounded quarterly. Using theordinary annuity table, calculate the total value of the annuity due at the end of the4-year period.
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Principles of managerial finance
Authors: Lawrence J Gitman, Chad J Zutter
12th edition
9780321524133, 132479540, 321524136, 978-0132479547
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