Multiple Choice
Find the amount accumulated in the increasing annuity of $2,500 deposited quarterly for 25 years at 4% per year. (Assume end-of-period deposits and compounding at the same intervals as deposits.) Round answer to the nearest cent.
A) $169,050.86
B) $676,203.46
C) $1,690,508.64
D) $426,203.46
E) $104,000.00
Correct Answer:

Verified
Correct Answer:
Verified
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