Find the Value of an Investment After Three Years on $15,000

question 58

Essay

Find the value of an investment after three years on $15,000 made quarterly at 8% for (A) an ordinary annuity and (B) an annuity due.
A. $201,180
B. $205,204.50

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Definitions:

Installment Loan

is a type of loan that is repaid over time with a set number of scheduled payments, typically monthly.

Outstanding Principal

The remaining amount of money borrowed on a loan or bond that has not yet been repaid.

Equity Capital

Funds raised by a company in exchange for a share of ownership in the company.

Venture Capital

Financing that investors provide to startup companies and small businesses that are believed to have long-term growth potential.