Question

Jim Gray invested $8,500 four times a year in an annuity due at All-Star Investments for a period of 3 years at an interest rate of 12% compounded quarterly.

Using the ordinary annuity table , calculate the total value of the annuity due at the end of the 3-year period.

The Chart States For A Period of 3 Years at 12% Interest it would be 3.3744

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