Find the value of the annuity at the end of the indicated number of years. Assume that the interest is compounded with the same frequency as the deposits. (Round your answer to the nearest cent.) Time Amount of Deposie Rate Frequency $1,250 quarterly 7% 15 yr Need Help? Read It

Find the value of the annuity at the end of the indicated number of years. Assume that the interest is compounded with the same frequency as the deposits. (Round your answer to the nearest cent.) Time Amount of Deposie Rate Frequency $1,250 quarterly 7% 15 yr Need Help? Read It

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter5: The Time Value Of Money

Section: Chapter Questions

Problem 7P

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Find the value of the annuity at the end of the indicated number of years. ASsume that the interest is compounded with the same frequency as the deposits. (Round your answer to the nearest cent.)
$4
Amount of Deposie
Frequency
Rate
Time
m
n
$1,250
quarterly
7%
15 yr
Need Help?
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