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Find the Amount Accumulated in the Increasing Annuity of $2,500

Question 98

Multiple Choice

Find the amount accumulated in the increasing annuity of $2,500 deposited quarterly for 10 years at 5% per year. (Assume end-of-period deposits and compounding at the same intervals as deposits.) Round your answer to the nearest cent. ​


A) $105,000.00
B) $328,723.89
C) $1,027,262.16
D) $328,643.89
E) $128,723.89

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