Math help needed to Find the amount of an ordinary annuity #19

label Mathematics
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schedule 1 Day
account_balance_wallet $5

Find the amount of an ordinary annuity for 5 years of quarterly payments of $2,200 that earn interest at 4% per year compounded quarterly.
A.
B.
C.
D.
Nov 8th, 2015

Thank you for the opportunity to help you with your question!

= 2200 * (1+0.01) ^20)-1/0.01

= 48,441.81

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Nov 8th, 2015

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