Solved

Find the Value of an Ordinary Annuity in Which Regular P=$250,n=4,r=4%,t=35yrP = \$ 250 , n = 4 , r = 4 \% , t = 35 \mathrm { yr }

Question 132

Multiple Choice

Find the value of an ordinary annuity in which regular payments of P dollars are made at the end of each
compounding period, n times per year, at an interest rate r for t years.
- P=$250,n=4,r=4%,t=35yrP = \$ 250 , n = 4 , r = 4 \% , t = 35 \mathrm { yr }


A) $756.77
B) $75,677.48
C) $100,677.48
D) $10,415.07

Correct Answer:

verifed

Verified

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

Related Questions