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What is the FV of an $85 annuity that is paid every 3 months (quarterly) for 15 years? The account earns 8.5%. Assume that compounding
What is the FV of an $85 annuity that is paid every 3 months (quarterly) for 15 years? The account earns 8.5%. Assume that compounding and payments happen at the same frequency.
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$10,124.86
$300.15
$2,399.74
$2,867.25
Please answer using an Excel function.
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