Solve.
-A sequence of yearly payments of $6000 is invested at an interest rate of 5.2%, compounded annually. What is the total amount of the annuity after 8 years?
A) $58,706.12
B) $57,706.12
C) $56,706.12
D) $57,206.12

Question

Quizplus · Accepted Answer

The Answer of Solve.
-A sequence of yearly payments of $6000 is invested at an interest rate of 5.2%, compounded annually. What is the total amount of the annuity after 8 years?
A) $58,706.12
B) $57,706.12
C) $56,706.12
D) $57,206.12

Solve. -A Sequence of Yearly Payments of $6000 Is Invested at at an Interest