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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.​
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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.​

User Adampasz
by
7.7k points

1 Answer

4 votes

Answer:

12×12=144

2years=144/12×100

2years=$120

Explanation:

User WolfyD
by
8.5k points
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