asked 155k views
17 votes
Suppose Laura invests in an annuity to have $10,000 after 15 years. If the annuity pays 2% annual interest, compounded

quarterly, how much will she need to invest each quarter to meet her goal?
Round your answer to the nearest dollar.
Do NOT round until you have calculated the final answer.

asked
User Satheesh
by
7.3k points

1 Answer

5 votes
$7,414

Please don’t forget to leave a thanks
answered
User Manoj H L
by
8.4k points
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.