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    Exam 11: Further Topics in Algebra
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    Find the Future Value of the Annuity
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Find the Future Value of the Annuity

Question 311

Question 311

Multiple Choice

Find the future value of the annuity.
-There are payments of $1000 at the end of each year for 7 years at 3% interest compounded annually


A) $7662.46
B) $6468.41
C) $40,995.80
D) $3980.17

Correct Answer:

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