If you make quarterly deposits of $557.00 into an ordinary annuity earning an annual interest rate of 6.33%, how much will be in the account after 12 years? How much interest did you earn in those 12 years? How much is in the account after 12 years? How much interest was earned after 12 years? (Note: Your answer is a dollar amount and should include a dollar sign)
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We are given that the quarterly deposits are $557.00, the annual interest rate is 6.33%, and the time period is 12 years. Show more…
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Find the future value of each ordinary annuity, if payments are made and interest is compounded as given. Then determine how much of this value is from contributions and how much is from interest. $R=800 ; 6.51 \%$ interest compounded semiannually for 12 years.
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