Future Value Annuity

Find the future value of an ordinary annuity of $ 400 is paid quarterly for 6 years if the interest rate is 13% c?

Find the future value of an ordinary annuity of $ 400 is paid quarterly for 6 years if the interest rate is 13% compounded quarterly. thanks.

A = 400 (1 + .13 / 4) ^ (4 * 6) A = $ 861.83

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