Solved

Find the Future Value of an Ordinary Annuity of $66

Question 120

Multiple Choice

Find the future value of an ordinary annuity of $66 paid quarterly for 6 years, if the interest rate is 8%, compounded quarterly. Round your answer to the nearest cent. ​


A) $2,579.45
B) $2,007.84
C) $2,179.60
D) $5,307.84
E) $501.96

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions