Calculate the accumulated value of quarterly payments of $100.00 made at the end of each quarter for ten years just after the last payment has been made if interest is 8% p.a. compounded quarterly. Round to two decimal places. A. $4,003.91 B. $6,040.20 C. $2,040.00 D. $4,415.88 E. $2,015.88 .

Calculate the accumulated value of quarterly payments of $100.00 made at the end of each quarter for ten years just after the last payment has been made if interest is 8% p.a. compounded quarterly. Round to two decimal places. A. $4,003.91 B. $6,040.20 C. $2,040.00 D. $4,415.88 E. $2,015.88 .

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

ChapterA3: Time Value Of Money

Section: Chapter Questions

Problem 3CE

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Question

A. $4,003.91

B. $6,040.20

C. $2,040.00

D. $4,415.88

E. $2,015.88 .

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