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    Exam 13: Annuities and Sinking Funds
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    Use the Tables in the Handbook
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Use the Tables in the Handbook

Question 79

Question 79

Short Answer

Use the tables in the handbook. At the beginning of each year, Dick Raven invests $700 semiannually at 8% for eight years. What will be the cash value of this annuity due at the end of year 8?

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