Ask a New 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

Ask a New Question or answer this question.

Similar Questions

two investments were made totaling $15,000. for a certain year these investments yielded $1432 in simple interest. part of the
1. 2 answers
A self-employed contractor nearing retirement made two investments totaling $15,000. In one year, these investments yielded
1. 2 answers
You have a chance to buy an annuity that pays $1100 at the end of each year for 3 yeas. You could earn 3% on your money in other
1. 0 answers
A total of $11,000 was invested. Part of the $11,000 was invested at 4% and the rest invested at 7%. If the investments earn
1. 3 answers

more similar questions