Find the future value of an ordinary annuity if payments

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Reference no: EM131020214

Find the future value of an ordinary annuity if payments are made in the amount R and interest is compounded as given. Then determine how much of this value is from contributions and how much is from interest.

R= 16,000; 4.2% interest compounded quarterly for 11 years

The future value of the ordinary annuity is $

Reference no: EM131020214

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