Solved

A Woman Contributed $380\$ 380 Per Quarter for the First 10 Years of an Annuity

Question 77

Multiple Choice

A woman contributed $380\$ 380 per quarter for the first 10 years of an annuity, but changed to quarterly payments of $1,620\$ 1,620 for the last 10 years. Assuming 814%8 \frac { 1 } { 4 } \% annual interest compounded quarterly, what is her accumulated value?


A) $151,864.87\quad \$ 151,864.87
B) $122,454.30\quad \$ 122,454.30
C) $122,621.64\quad \$ 122,621.64
D) $151,835.24\quad \$ 151,835.24

Correct Answer:

verifed

Verified

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

Related Questions