f you make quarterly deposits of $499.00 into an ordinary annuity earning an annual interest rate of 5.71%, how much will be in the account after 9 years? Howmuch interest did you earn in those 9 years?How much is in the account after 9 years? $How much interest was earned after 9 years? $

As there is more compounding the more interest is being accumulated and more is future value of…

ou make quarterly deposits of uch interest did you earn in those 9 years? ow much is in the account after 9 years? $ ow much Interest was earned after 9 years? $ 9.00 into an ordinary annuity earning an an

ou make quarterly deposits of uch interest did you earn in those 9 years? ow much is in the account after 9 years? $ ow much Interest was earned after 9 years? $ 9.00 into an ordinary annuity earning an an

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter5: The Time Value Of Money

Section: Chapter Questions

Problem 1P

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Question

f you make quarterly deposits of $499.00 into an ordinary annuity earning an annual interest rate of 5.71%, how much will be in the account after 9 years? How
much interest did you earn in those 9 years?
How much is in the account after 9 years? $
How much interest was earned after 9 years? $

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