Georgia deposits $4,000 every three months for five years. The first deposit is made on March 31, 2014, and the last deposit is made on December 31, 2018. The fund earns 16% and interest is compounded quarterly. How much money will Georgia have on December 31, 2018, immediately after her last deposit? Factors for future value of an annuity of $1 are

For Values of n and i
$\begin{array} { l l }
\hline = 20 ; I = 4 \% & n = 5 ; i = 16 \% \
7978079 & 6.87135
\end{array}$

A) $123,876
B) $119,112
C) $110,034
D) $107,508

Question

Georgia deposits $4,000 every three months for five years. The first deposit is made on March 31, 2014, and the last deposit is made on December 31, 2018. The fund earns 16% and interest is compounded quarterly. How much money will Georgia have on December 31, 2018, immediately after her last deposit? Factors for future value of an annuity of $1 are

For Values of n and i

\begin{array} { l l } \hline = 20 ; I = 4 \% & n = 5 ; i = 16 \% \\7978079 & 6.87135\end{array}

For Values of n and i
 $\begin{array} { l l } 
\hline = 20 ; I = 4 \% & n = 5 ; i = 16 \% \
7978079 & 6.87135
\end{array}$

A) $123,876
B) $119,112
C) $110,034
D) $107,508

Quizplus · Accepted Answer

The Answer of Georgia deposits $4,000 every three months for five years. The first deposit is made on March 31, 2014, and the last deposit is made on December 31, 2018. The fund earns 16% and interest is compounded quarterly. How much money will Georgia have on December 31, 2018, immediately after her last deposit? Factors for future value of an annuity of $1 are

For Values of n and i
 $\begin{array} { l l } 
\hline = 20 ; I = 4 \% & n = 5 ; i = 16 \% \
7978079 & 6.87135
\end{array}$

A) $123,876
B) $119,112
C) $110,034
D) $107,508

Georgia Deposits $4,000 Every Three Months for Five Years =20;I=4%n=5;i=16%79780796.87135\begin{array} { l l } \hline = 20 ; I = 4 \% & n = 5 ; i = 16 \% \\7978079 & 6.87135\end{array}=20;I=4%7978079​n=5;i=16%6.87135​​

Georgia Deposits $4,000 Every Three Months for Five Years $\begin{array} { l l } \hline = 20 ; I = 4 \% & n = 5 ; i = 16 \% \\7978079 & 6.87135\end{array}$