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Solve. -A Sequence of Yearly Payments of $3000 Is Invested at at the End

Question 52

Multiple Choice

Solve.
-A sequence of yearly payments of $3000 is invested at the end of each of 9 years at an interest rate of 4.6%%, compounded annually. What is the total amount of the annuity after 9 years?


A) $32,539.77
B) $31,539.77
C) $33,539.77
D) $32,039.77

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