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What is the value of an annuity due at the end of 15 years of quarterly deposits of $2,000.00 with terms of 8 percent compounded quarterly?

What is the value of an annuity due at the end of 15 years of quarterly deposits of $2,000.00 with terms of 8 percent compounded quarterly?
asked 162k views
3 votes
What is the value of an annuity due at the end of 15 years of quarterly deposits of $2,000.00 with terms of 8 percent compounded quarterly?

asked
User James Elder
by
7.6k points

2 Answers

3 votes

Answer:

$232,666.08

Step-by-step explanation:

answered
User Guru Stron
by
8.1k points
5 votes
2,000×((((1+0.08÷4)^(4×15)
−1)÷(0.08÷4))×(1+0.08÷4))
=232,665.14
answered
User Samblg
by
7.9k points
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