Question
Use the ordinary annuity formula to determine the accumulated amount in the annuity. $200 invested quarterly for 15 years at a 4.0% interest rate compounded
Use the ordinary annuity formula to determine the accumulated amount in the annuity.
$200 invested quarterly for 15 years at a 4.0% interest rate compounded quarterly.
(round answer to the nearest cent as needed)
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Contemporary Business Mathematics with Canadian Applications
Authors: S. A. Hummelbrunner, Kelly Halliday, Ali R. Hassanlou, K. Suzanne Coombs
11th edition
134141083, 978-0134141084
