Multiple Choice
Decide whether the problem relates to an ordinary annuity or an annuity due. A trust will provide $11,000 to a county library at the beginning of each 3-month period for the next 3.5 years. If the money is worth an annual rate of 6.1%, compounded quarterly, find the amount in the trust when it begins.
A) ordinary annuity
B) annuity due
Correct Answer:

Verified
Correct Answer:
Verified
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