The following table list two investment plans, A and B. Given this information, determine which investment is an ordinary annuity
and the future value of the ordinary annuity after one year, given that both investments, A and B, compound interest monthly at
the rate of 3.5%. Round to the nearest cent.
Sept.
oct.
Nov
a.
b.
C.
d.
Jan Feb Mar Apr May Jun Jul Aug Sept.
350 350 350 350 350 350 350 350 350 350 350
350 350 350 350 350 350 350 350 350 350 350
Investment A is an ordinary annuity with $3.918.03 in the account after 1 year
Investment B is an ordinary annuity with $3,918.03 in the account after 1 year
Investment A is an ordinary annuity with $3,906.64 in the account after 1 year
Investment B is an ordinary annuity with $3,906.64 in the account after 1 year