Answer
142.836
Work Step by Step
We are given $R=1800, n=12\times4=48, i=\frac{0.08}{4}=0.02$
The amount of this annuity is
$S=1800[\frac{(1.02)^{48}-1}{0.02}]\approx 142.836$
Calculus with Applications (10th Edition)
by Lial, Margaret L.; Greenwell, Raymond N.; Ritchey, Nathan P.
Published by
Pearson
ISBN 10:
0321749006
ISBN 13:
978-0-32174-900-0
Chapter 12 - Sequences and Series - 12.2 Annuities: An Application of Sequences - 12.2 Exercises - Page 621: 9
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