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Round Your Answer to the Nearest Cent

Question 9

Multiple Choice

Round your answer to the nearest cent.
-Find the 7-year future value of an ordinary annuity with a contribution of $100 per year into an account that pays 6% per year, compounded annually.


A) $839.38
B) $236.42
C) $697.53
D) $2506.05

Correct Answer:

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