Advanced Engineering Mathematics
Advanced Engineering Mathematics
10th Edition
ISBN: 9780470458365
Author: Erwin Kreyszig
Publisher: Wiley, John & Sons, Incorporated
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Question
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A woman deposit $290 of her quarterly checks into an annuity for the education of her child. She does this at the beginning of each quarter for 8 years into an account paying 12% per year, compound quarterly. Find the amount of the annuity and the interest earned.
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