Find the amount accumulated in the increasing annuity of $2,500 deposited quarterly for 25 years at 4% per year. (Assume end-of-period deposits and compounding at the same intervals as deposits.) Round answer to the nearest cent.
A)$169,050.86
B) $676,203.46
C) $1,690,508.64
D) $426,203.46
E) $104,000.00

Question

Find the amount accumulated in the increasing annuity of $2,500 deposited quarterly for 25 years at 4% per year. (Assume end-of-period deposits and compounding at the same intervals as deposits.) Round answer to the nearest cent. ​
A)$169,050.86
B) $676,203.46
C) $1,690,508.64
D) $426,203.46
E) $104,000.00

Quizplus · Accepted Answer

The Answer is D

Find the Amount Accumulated in the Increasing Annuity of $2,500