Answered

payments of $210 made at the beginning of each quarter for 13 years at 4.2% compounded quarterly. The future value of annuity is due. What is it?



Answer :

Answer:

Step-by-step explanation:

Use annuity due calculation (see image)

FV = ?

C = 210

 i = .042/4 = .0105

 n = 13 x 4 = 52

Plug in the numbers to find FV = $ 14580.03

View image jsimpson11000