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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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SEE THE IMAGE. ANY DOUBTS, FEEL FREE TO ASK. THUMBS UP PLEASE

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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