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Calculating future value of annuity compounded quarterly

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Reference no: EM13830292

Problem:

Calculate the future value of an ordinary annuity consisting of quarterly payments of $1200 for 5 years, if the rate of interest is10% compounded quarterly for the first 2 years and 9% compounded quarterly for the last 3 years.

Additional Information:

This problem is basically from Mathematics as well as it is about calculating the future value of an annuity compounded quarterly for last 3 years.

Reference no: EM13830292

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