Question

8. An annuity consists of 20 quarterly installments of 1,200 each, the first
being made at the end of 3 years, at 8% per annum compounded
quarterly. Find the amount of this annuity. Take (1.02)20 = 1.4859.
(a) 25,498.11
(b) * 29,156.84
(c) 16,500.37
(d) *20,000.00
Answer:
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Answer 1

please see the attachment