Question

What is the value of an annuity due at the end of 15 years of quarterly deposits of $2,000.00 with terms of 8 percent compounded quarterly?

Answer 1

2,000×((((1+0.08÷4)^(4×15)
−1)÷(0.08÷4))×(1+0.08÷4))
=232,665.14

Answer 2

Answer:

$232,666.08

Explanation: