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Find the Value of an Annuity

Question 208

Multiple Choice

Find the Value of an Annuity
-Domenica invests $200 each quarter in a fixed-interest mutual fund paying annual interest of 6% compounded quarterly. How much will her account have in it at the end of 14 years?


A) $17,360
B) $4203
C) $52,307
D) $17,489

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