If $82,000 is invested in an annuity that earns 5.3%, compounded quarterly, what payments will it provide at the end of each quarter for the next 4 1/2 years? (Round your answer to the nearest cent.) Answer should be like ex. 3145.626 it should only be in the thousands

If $82,000 is invested in an annuity that earns 5.3%, compounded quarterly, what payments will it provide at the end of each quarter for the next 4 1/2 years? (Round your answer to the nearest cent.) Answer should be like ex. 3145.626 it should only be in the thousands

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter11: Capital Budgeting Decisions

Section: Chapter Questions

Problem 6MC: You want to invest $8,000 at an annual Interest rate of 8% that compounds annually for 12 years....

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If $82,000 is invested in an annuity that earns 5.3%, compounded quarterly, what payments will it provide at the end of each quarter for the next

4 1/2 years? (Round your answer to the nearest cent.)

Answer should be like ex. 3145.626 it should only be in the thousands

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