Multiple Choice
Use the ordinary annuity formula to determine the accumulated amount in the annuity. Round the answer to the nearest cent.
-$1700 is invested semiannually for 4 years at 4.3% compounded semiannually
A) $31,665.24
B) $14,668.61
C) $54,203.49
D) $61,537.80
Correct Answer:
Verified
Correct Answer:
Verified
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