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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asked Jan 14, 2023 213k views

4 votes

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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high-school

Milani asked

by Milani

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2 votes

Answer:

$6021.60

6000+(6000×0.6^2)=

=6000+21.6=6021.6

Harri Virtanen answered Jan 20, 2023

by Harri Virtanen

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