Solved

Find the Value of an Annuity

Question 178

Multiple Choice

Find the Value of an Annuity
-Domenica invests $200 each quarter in a fixed-interest mutual fund paying annual interest of 6% compounded quarterly. How much will her account have in it at the end of 14 years?


A) $17,360
B) $4203
C) $52,307
D) $17,489

Correct Answer:

verifed

Verified

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

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents