1) Find the amount accumulated FV in the given annuity account. (Assume end-of-period deposits and compounding at the same intervals as deposits. Round your answer to the nearest cent.) $2,800 is deposited quarterly for 20 years at 5% per year FV = $

1) Find the amount accumulated FV in the given annuity account. (Assume end-of-period deposits and compounding at the same intervals as deposits. Round your answer to the nearest cent.) $2,800 is deposited quarterly for 20 years at 5% per year FV = $

Corporate Fin Focused Approach

5th Edition

ISBN:9781285660516

Author:EHRHARDT

Publisher:EHRHARDT

Chapter4: Time Value Of Money

Section: Chapter Questions

Problem 1Q

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Find the amount accumulated FV in the given annuity account. (Assume end-of-period
deposits and compounding at the same intervals as deposits. Round your answer to the
nearest cent.)
$2,800 is deposited quarterly for 20 years at 5% per year
FV = $
梦 0
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