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Find the Value of the Annuity with the Following Characteristics

Question 145

Multiple Choice

Find the value of the annuity with the following characteristics.
-Payments of $100 are made at the end of each year for 7 years at 4% interest compounded annually


A) $3,289.83
B) $789.83
C) $663.30
D) $316.33

Correct Answer:

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