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27 August, 16:24

Kevin Cook invested $3000 four times a year in an annuity due at Southern Trust Company for a period of 2 years at an interest rate of 8% compounded quarterly. Us-ing the ordinary annuity table, calculate the total value of the annuity due at the end of the 2 year period.

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  1. 27 August, 16:31
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    24000.08
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