Find the Amount Accumulated in the Increasing Annuity of $2,500

question 134

Multiple Choice

Find the amount accumulated in the increasing annuity of $2,500 deposited quarterly for 25 years at 4% per year. (Assume end-of-period deposits and compounding at the same intervals as deposits.) Round answer to the nearest cent. ​

• A)$169,050.86
• B) $676,203.46
• C) $1,690,508.64
• D) $426,203.46
• E) $104,000.00

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