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A Woman Contributed $660\$ 660 Per Quarter for the First 15 Years of an Annuity

Question 229

Multiple Choice

A woman contributed $660\$ 660 per quarter for the first 15 years of an annuity, but changed to quarterly payments of $1,450\$ 1,450 for the last 15 years. Assuming 734%7 \frac { 3 } { 4 } \% annual interest compounded quarterly, what is her accumulated value?


A) $394,817.98\quad \$ 394,817.98
B) $235,679.23\quad \$ 235,679.23
C) $394,877.03\quad \$ 394,877.03
D) $235,509.70\quad \$ 235,509.70

Correct Answer:

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