Minu deposits $950 at the end of each quarter for 6 years in an account that earns 11.8% per year compounded quarterly. At the end of 6 years she has $32 501.04. What would the amount of the annuity...

Minu deposits $950 at the end of each quarter for 6 years in an account that earns<br>11.8% per year compounded quarterly. At the end of 6 years she has $32 501.04.<br>What would the amount of the annuity be if she doubles the time period to 12<br>years?<br>

Extracted text: Minu deposits $950 at the end of each quarter for 6 years in an account that earns 11.8% per year compounded quarterly. At the end of 6 years she has $32 501.04. What would the amount of the annuity be if she doubles the time period to 12 years?

Jun 03, 2022

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Minu deposits $950 at the end of each quarter for 6 years in an account that earns 11.8% per year compounded quarterly. At the end of 6 years she has $32 501.04. What would the amount of the annuity...

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