Question
What is the future value of 7 quarterly payments of $394, with the first payment to occur three months from today, if the interest rate
What is the future value of 7 quarterly payments of $394, with the first payment to occur three months from today, if the interest rate is 10% p.a.?(Don't forget to calculate the quarterly interest rate before using the annuity formula.)
Select one:
a.$2540
b.$2502
c.$2974
d.$2936
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MATLAB An Introduction With Applications
Authors: Amos Gilat
6th Edition
111938513X, 978-1119385134
