In Exercises 912, use the ordinary annuity formula A = pc

Chapter 11, Problem 11.1.268

(choose chapter or problem)

In Exercises 9–12, use the ordinary annuity formula

\(A=\frac{p\left[\left(1+\frac{r}{n}\right)^{n t}-1\right]}{\frac{r}{n}}\)

to determine the accumulated amount in each annuity. Round all answers to the nearest cent.

 $400 invested quarterly for 35 years at 8% compounded quarterly

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