A woman contributed $\$ 380$ per quarter for the first 10 years of an annuity, but changed to quarterly payments of $\$ 1,620$ for the last 10 years. Assuming $8 \frac { 1 } { 4 } \%$ annual interest compounded quarterly, what is her accumulated value?
A) $\quad \$ 151,864.87$
B) $\quad \$ 122,454.30$
C) $\quad \$ 122,621.64$
D) $\quad \$ 151,835.24$

Question

Quizplus · Accepted Answer

The Answer of A woman contributed $\$ 380$ per quarter for the first 10 years of an annuity, but changed to quarterly payments of $\$ 1,620$ for the last 10 years. Assuming $8 \frac { 1 } { 4 } \%$ annual interest compounded quarterly, what is her accumulated value?
A) $\quad \$ 151,864.87$
B) $\quad \$ 122,454.30$
C) $\quad \$ 122,621.64$
D) $\quad \$ 151,835.24$

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

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