Find the future value of an ordinary annuity of $100 paid at the end of each quarter for 5 years, if interest is earned at a rate of 5%, compounded quarterly. (Round to 2 decimal places.) The future value is $ > Next Question

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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Find the future value of an ordinary annuity of $100 paid at the end of each quarter for 5 years, if
interest is earned at a rate of 5%, compounded quarterly.
(Round to 2 decimal places.)
The future value is $
> Next Question
What is the future value if $10,000.00 is invested for 3 years at 12% compounded quarterly?
The future value is $
> Next Question
Find the future value of an annuity due with payments of $490 each year for 7 years at 5%,
compounded annual.
The future value is $
(Round to 2 decimal places.)
> Next Question
(Round to 2 decimal places.)
Transcribed Image Text:Find the future value of an ordinary annuity of $100 paid at the end of each quarter for 5 years, if interest is earned at a rate of 5%, compounded quarterly. (Round to 2 decimal places.) The future value is $ > Next Question What is the future value if $10,000.00 is invested for 3 years at 12% compounded quarterly? The future value is $ > Next Question Find the future value of an annuity due with payments of $490 each year for 7 years at 5%, compounded annual. The future value is $ (Round to 2 decimal places.) > Next Question (Round to 2 decimal places.)
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