Question

Question 4

At the beginning of each quarter, $100 is deposited into a saving account that pays 12% compounded monthly.
Find the future value (compound amount) of annuity for two years.

Answer 1

The correct answer is $288

Answer 2

$288

Explanation:

12% monthly

144% yearly.

100*1.44*2 = all

all = 288

Hope this helps plz hit the crown :D