Answered

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Determine the amount of the ordinary annuity at the end of the given period. (Round your final answer to two decimal places.)

$200 deposited quarterly at 6.9 for 6 years

Dont need steps…just the answer

Sagot :

Answer: $301.51 [recheck the answer]

Step-by-step explanation:

y = a(1+r/n)^nt

y = 200(1+0.069/4)^4*6

y = 301.505
the answer is 301.51
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