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Find the amount of the annuity due. Round to the nearest cent. Amount of Each Deposit: $8,000 Deposited: Quarterly Rate Per Year: 10% Number of Years: 4

Find the amount of the annuity due. Round to the nearest cent. Amount of Each Deposit: $8,000 Deposited: Quarterly Rate Per Year: 10% Number of Years: 4
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Find the amount of the annuity due. Round to the nearest cent.

Amount of Each Deposit: $8,000

Deposited: Quarterly

Rate Per Year: 10%

Number of Years: 4

User Simon De Lorean
by
7.9k points

1 Answer

4 votes
FVAD=8000[((1+0.10/4)^(4*4)-1)/(0.10/4)]*(1+0.10/4)
FVAD=158917.84
User Fadzly Othman
by
8.6k points
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