Dan wants to save money to open a tutoring center. He buys an annuity with a quarterly payment of $98 that pays 3.9% interest, compounded quarterly. Payments will be made at the end of each quarter. Find the total value of the annuity in 10 years. Do not round any intermediate computations, and round your final answer to the nearest cent. If necessary, refer to the list of financial formulas. s X Ś ?

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Finding the future value of an annuity
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Dan wants to save money to open a tutoring center. He buys an annuity with a quarterly payment of $98 that pays 3.9% interest, compounded quarterly.
Payments will be made at the end of each quarter. Find the total value of the annuity in 10 years.
Do not round any intermediate computations, and round your final answer to the nearest cent. If necessary, refer to the list of financial formulas.
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Transcribed Image Text:Chrome File Edit View History Bookmarks Profiles ← → C Yahoo Mail M Inbox (3) cjohnsor X Homepage - MAT-1 x A ALEKS - Candace Jx b Success Confirmati X www-awu.aleks.com/alekscgi/x/Isl.exe/1o_u-IgNsIkasNW8D8A9PVVfh08cSwIMuwt718me-6P_GodLp1p2v4mMYbZoOfVNOJckx3mc6VAgtxcURKt9cLYECBGWj5q8... Login - Powered b... Login - Powered b... M Gmail Parkland Parkland Email 31 Rantoul City Scho... +In-the-Field $[] O CONSUMER MATHEMATICS Finding the future value of an annuity tandiss43@yahoo.c X Explanation - Check O Tab Window Help X - Dan wants to save money to open a tutoring center. He buys an annuity with a quarterly payment of $98 that pays 3.9% interest, compounded quarterly. Payments will be made at the end of each quarter. Find the total value of the annuity in 10 years. Do not round any intermediate computations, and round your final answer to the nearest cent. If necessary, refer to the list of financial formulas. ? JUN 29 EX Health & Human Se X GoGuardian Skyward Student W Math 1/5 Course Catalog - Pax + BIO BIO2 Wed Jun 29 9:12 PM □ Candace V Español Ⓒ2022 McGraw Hill LLC. All Rights Reserved. Terms of Use | Privacy Center | Accessibility G A & Aa V : Other Bookmarks
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