Find the value of the annuity and the interest. Round to the nearest dollar. ------)) A A= P[(1+0)¹-1] A= Periodic Deposit $10,000 at the end of every three months Rate: 4.25% compounded quarterly Time: 4 years

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Tt.7.

K
Find the value of the annuity and the interest. Round to the nearest dollar.
nt
1:31 A
8
nt
A =
P[(1+)¹-1]
r
A=
P=
Periodic Deposit: $10,000 at the end of every three months
Rate: 4.25% compounded quarterly
Time: 4 years
OA. $43, $159,957
OB. $173,405, $13,405
OC. $162, $159,838
OD. $1,114,581, $954,581
Transcribed Image Text:K Find the value of the annuity and the interest. Round to the nearest dollar. nt 1:31 A 8 nt A = P[(1+)¹-1] r A= P= Periodic Deposit: $10,000 at the end of every three months Rate: 4.25% compounded quarterly Time: 4 years OA. $43, $159,957 OB. $173,405, $13,405 OC. $162, $159,838 OD. $1,114,581, $954,581
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