Homework Answers
Ans $ 11995.24
| P = | Periodic payments |
| r = | rate of interest |
| n = | no of years |
| Future Value of Annuity = | P ( (1 + r)n - 1 ) / r |
| 528* ((1 + 5.28%/4)^20 - 1) / (5.28%/4) | |
| 11995.24 |
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