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Steam

To save money for his daughter's college tuition, All Invests $250 every quarter in an annuity that pays 6.2% Interest, compounded quarterly
Payments will be made at the end of each quarter. Find the total value of the annuity in 22 years
Do not round any intermediate computations, and round your final answer to the nearest cent. If necessary, refer to the list of financial formulas

asked
User Tim Bird
by
8.4k points

1 Answer

5 votes

Answer:

5436

Explanation:

take 6.2 and ÷ 250 then × it by 22

answered
User Kauppi
by
7.9k points
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