yanni crable deposits $122 in an ordinary annuity at the end of every quarter. The annuity earns 6% interest compounded quarterly. After 4 quarters, the value of $1 with this interest rate is $4.0909.

asked May 3, 2023 34.6k views

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Explanation:

future value of annuity after 1 year is:

$122× $4.0909=$499.089

=$499.09

Abimael answered May 8, 2023

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