Multiple Choice
As part of his retirement planning, Mr. Campbell purchases an annuity that pays 5% compounded quarterly. If the quarterly payment is $3000, how much will Mr. Campbell have saved in 7.5 years?
A) $108,387.21
B) $108,487.33
C) $108,437.71
D) $108,366.96
Correct Answer:
Verified
Correct Answer:
Verified
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