Determine the future value of an annuity due into which quarterly deposits of $450 are made for nine years if the annuity pays 10% compounded quarterly. a. $26,430.20 b. $29,073.31, c. $26,430.25 or d. $27,751.79

Question

Determine the future value of an annuity due into which quarterly deposits of $450 are made for nine years if the annuity pays 10% compounded quarterly.  a. $26,430.20 b. $29,073.31, c. $26,430.25 or d. $27,751.79

DT · Answer

Determine the future value of an annuity due into which quarterly deposits of $450 are made for nine years if the annuity pays 10% compounded quarterly.