Solved

Find the Future Value of an Annuity Due of $1,700

Question 115

Multiple Choice

Find the future value of an annuity due of $1,700 each month for 4 years if the annual interest rate is 11%, compounded monthly. Round your answer to the nearest cent. ​


A) $21,657.31
B) $63,463.93
C) $136,419.89
D) $82,443.20
E) $102,859.77

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions