Question
What is the future value of the following annuity payments: $100 each 3 months for 8 years at a nominal rate of 12% compounded quarterly?
What is the future value of the following annuity payments: $100 each 3 months for 8 years at a nominal rate of 12% compounded quarterly?
Select one:
a. $5,201.77
b. $5,245.99
c. $5,443.09
d. $5,250.28
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Finance Capital Markets Financial Management And Investment Management
Authors: Frank J. Fabozzi, Pamela Peterson Drake
1st Edition
0470407352, 978-0470407356
