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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.) 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

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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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? Read It
Transcribed Image Text: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? Read It
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