Rosina plans on aving$2,225a ycar and expects to carn a rate of8.37%compounded quarterly. How much will she have in her account at the chd of 43 years?• 1.53,639,983approx.• 2.5881,927approx.•3.5816,159 approx.•4.578,392 approx.•5.570,537 approx. Rosina plans on saving $2,225 a year and expects to earn a rate of 8.37% compounded quarterly. How much will she have in her account at theend of 43 years?O1.53,639,987 approx.02.5881,927 approx.03.5816,159 approx.O4578,392 approx.Os $70,537 approx.

Amount in the future is the future value of annuity accumulated along with interest. This is the…

Rosina plans on saving $2,225 a year and expects to earn a rate of 8.37% compounded quarterly. How much will she have in her account at the end of 43 years? 01:53,639,987 approx. 02.5881,927 approx. 03.5816,159 approx. 04578,392 approx. OS$70,537 approx.

Rosina plans on saving $2,225 a year and expects to earn a rate of 8.37% compounded quarterly. How much will she have in her account at the end of 43 years? 01:53,639,987 approx. 02.5881,927 approx. 03.5816,159 approx. 04578,392 approx. OS$70,537 approx.

EBK CFIN

6th Edition

ISBN:9781337671743

Author:BESLEY

Publisher:BESLEY

Chapter4: Time Value Of Money

Section: Chapter Questions

Problem 11PROB

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Question

Rosina plans on aving$2,225a ycar and expects to carn a rate of8.37%compounded quarterly. How much will she have in her account at the chd of 43 years?

• 1.53,639,983approx.

• 2.5881,927approx.

•3.5816,159 approx.

•4.578,392 approx.

•5.570,537 approx.

Rosina plans on saving $2,225 a year and expects to earn a rate of 8.37% compounded quarterly. How much will she have in her account at the
end of 43 years?
O1.53,639,987 approx.
02.5881,927 approx.
03.5816,159 approx.
O4578,392 approx.
Os $70,537 approx.

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