Joyce Keegan has decided to invest $500 quarterly for 5 years in an ordinary annuity at...

Joyce Keegan has decided to invest $500 quarterly for 5 years in an ordinary annuity at 12%. As her financial adviser, calculate the total cash value of the annuity at the end of year 5 for Joyce.

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As nothing was mentioned excel is used. If you need with formula, let me know, will do that also. Thank you.

jeff jeffy answered 1 year ago

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Joyce Keegan has decided to invest $500 quarterly for 5 years in an ordinary annuity at...

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