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    The Future Value of an Annuity of $1,000 Each Year
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The Future Value of an Annuity of $1,000 Each Year

Question 71

Question 71

Multiple Choice

The future value of an annuity of $1,000 each year for 10 years, deposited at 12 percentcompounded quarterly is ________ .


A) $11,200
B) $17,549
C) $75,400
D) $93,049

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