Question

An employee saves for her retirement by depositing $1000 a quarter. She deposits her money in an annuity which pays a return of 2% a year compounded quarterly. What will the value of the annuity be after ten years?

This is my answer is this correct?
A((1+i)^n-1)/I = 44158.85

Answer 1

Erica, Lisa, James Smith, Mark Jackson. Please do not use multiple pen names.
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