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A Woman Contributed $340\$ 340 Per Quarter for the First 12 Years of an Annuity

Question 189

Multiple Choice

A woman contributed $340\$ 340 per quarter for the first 12 years of an annuity, but changed to quarterly payments of $1,550\$ 1,550 for the last 12 years. Assuming 934%9 \frac { 3 } { 4 } \% annual interest compounded quarterly, what is her accumulated value?


A) $234,972.16\$ 234,972.16
B) $234,922.34\quad \$ 234,922.34
C) $168,808.83\quad \$ 168,808.83
D) $168,911.72\quad \$ 168,911.72

Correct Answer:

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