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If $1400\$ 1400 Is Deposited in an Ordinary Annuity at the End of the End

Question 93

Multiple Choice

If $1400\$ 1400 is deposited in an ordinary annuity at the end of each quarter for 4yr4 \mathrm{yr} and earns 3%3 \% interest compounded quarterly, how much will be in the account at the end of this term?


A) $23,705.19\$ 23,705.19
B) $5926.3\$ 5926.3
C) $112,878.54\$ 112,878.54
D) $23,428.31\$ 23,428.31

Correct Answer:

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