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

Question 66

Question 66

Multiple Choice

The future value of an ordinary annuity of $1,000 each year for 10 years, deposited at 3 percent, is ________.


A) $ 8,530
B) $11,464
C) $10,000
D) $11,808

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