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Florence deposits $6,000 in an ordinary annuity at the end of each quarter in an account earning 6 percent interest compounded quarterly. what is the future value of the account in 2 years?
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Jan 14, 2023
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Florence deposits $6,000 in an ordinary annuity at the end of each quarter in an account earning 6 percent interest compounded quarterly. what is the future value of the account in 2 years?
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Milani
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Answer:
$6021.60
6000+(6000×0.6^2)=
=6000+21.6=6021.6
Harri Virtanen
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Jan 20, 2023
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Harri Virtanen
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