Find the Amount of an Ordinary Annuity for 6 Years

question 103

Short Answer

Find the amount of an ordinary annuity for 6 years of quarterly payments of $2,200 that earn interest at 8% per year compounded quarterly. Round your answer to the nearest cent.
$__________

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Definitions:

Blacks And Whites

Refers to people of African descent (Blacks) and people of European descent (Whites), often used in discussions about race relations and societal constructs of race.

Virginia

One of the original 13 colonies in the United States, known for its significant role in American history, including being the birthplace of several U.S. presidents.

William Penn

An English Quaker leader and advocate for religious freedom who founded the Province of Pennsylvania, a North American colony, in the late 17th century.

Worship Freely

The right or ability to practice one's religion without interference or restriction by the government or others.