Find the future value of an ordinary annuity to the nearest cent where $4000 is deposited at the end of each quarter for 8 years and earns 6% interest compounded quarterly.

1. 3. can also be expressed as (22/7)

2. -4.5

3. 3.6

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step-by-step explanation:

the solution is x=1

step-by-step explanation:

we are given our   equation as

let's assume

left side function is

right side function is

now, we can draw graph

and then we can get intersection point

the intersection point will be solution

so, the solution is

x=1