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Solve the Problem. Round to the Nearest Cent

Question 44

Multiple Choice

Solve the problem. Round to the nearest cent.
-Sandra deposits $3000 in an ordinary annuity at the end of each semiannual period at 3% interest Compounded semiannually. Find the amount she will have on deposit after 12 years.


A) $85,900.56
B) $78,675.43
C) $82,900.56
D) $43,853.37

Correct Answer:

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