Solved

Find the Amount of an Annuity If $300 Per Month

Question 11

Multiple Choice

Find the amount of an annuity if $300 per month is paid into it for a period of 17 years, earning interest at the rate of 9% per year compounded continuously.


A) $144,727
B) $118,909
C) $245,790
D) $179,614
E) $179,511

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents