Multiple Choice
Find the future value of the annuity.
-A sequence of yearly payments of $6000 is invested at the end of each of 11 years at an interest rate of 2.1%, compounded annually. What is the total amount of the annuity after 11 years?
A) $72,885.48
B) $74,385.48
C) $72,385.48
D) $73,385.48
Correct Answer:
Verified
Correct Answer:
Verified
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