Calculate the Accumulated Value of Quarterly Payments of $100

question 65

Multiple Choice

Calculate the accumulated value of quarterly payments of $100.00 made at the end of each quarter for ten years just after the last payment has been made if interest is 8% p.a. compounded quarterly.

• A) $4003.91
• B) $6040.20
• C) $2040.00
• D) $4415.88
• E) $2015.88

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Definitions:

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