Answered: Find the future value of the ordinary…

Find the future value of the ordinary annuity. PMT= $2500, i = 7.4% interest compounded quarterly for 15 years A. $270,775.36 B. $405,910.50 C. $64,792.52 D. $398,537.55

Financial Accounting Intro Concepts Meth/Uses

14th Edition

ISBN:9781285595047

Author:Weil

Publisher:Weil

ChapterA: Appendix - Time Value Of Cash Flows: Compound Interest Concepts And Applications

Section: Chapter Questions

Problem 20E

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Question

Find the future value of the ordinary annuity.
PMT= $2500, i = 7.4% interest compounded quarterly for 15 years
A. $270,775.36
B. $405,910.50
C. $64,792.52
D. $398,537.55

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