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Find the Future Value of the Annuity

Question 264

Multiple Choice

Find the future value of the annuity.
-There are payments of $1000 at the end of each year for 15 years at 3% interest compounded annually


A) $18,598.91
B) $17,086.32
C) $5041.97
D) $51,932.25

Correct Answer:

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