What is the future value (at the end of 10 years) of an annuity that pays $700 a quarter over 10 years with the payments invested at 6.6% per annum (assume compounding matches Dayment periods, common assumption for such problems)? (enter your answer in the following format 123456.78) Answer:

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
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What is the future value (at the end of 10 years) of an annuity that pays $700 a quarter over
10 years with the payments invested at 6.6% per annum (assume compounding matches
payment periods, common assumption for such problems)? (enter your answer in the
following format 123456.78)
Answer:
Transcribed Image Text:What is the future value (at the end of 10 years) of an annuity that pays $700 a quarter over 10 years with the payments invested at 6.6% per annum (assume compounding matches payment periods, common assumption for such problems)? (enter your answer in the following format 123456.78) Answer:
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