For her daughter's education, Georgina Harcourt has invested an inheritance in a fund paying 3.7% compounded quarterly. If ordinary annuity payments of $143 per month are to be made out of the fund for nine years, how much was the inheritance? The inhentance was $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.

Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
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For her daughter's education, Georgina Harcourt has invested an inheritance in a fund paying 3.7% compounded
quarterly. If ordinary annuity payments of $143 per month are to be made out of the fund for nine years, how much
was the inheritance?
The inhentance was $
(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places
as needed.
Transcribed Image Text:For her daughter's education, Georgina Harcourt has invested an inheritance in a fund paying 3.7% compounded quarterly. If ordinary annuity payments of $143 per month are to be made out of the fund for nine years, how much was the inheritance? The inhentance was $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.
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