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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asked Jul 17, 2018 112k views

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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

Mathematics
high-school

Simon De Lorean asked

by Simon De Lorean

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FVAD=8000[((1+0.10/4)^(4*4)-1)/(0.10/4)]*(1+0.10/4)
FVAD=158917.84

Fadzly Othman answered Jul 23, 2018

by Fadzly Othman

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