Answer
27.321
Work Step by Step
We are given $R=491, n=9\times4=36, i=\frac{0.094}{4}=0.0235$
The amount of this annuity is
$S=491[\frac{(1.0235)^{36}-1}{0.0235}]\approx 27.321$
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 - Chapter Review - Review Exercises - Page 662: 77
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