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Find the Amount of an Annuity If $200 Per Month

Question 21

Multiple Choice

Find the amount of an annuity if $200 per month is paid into it for a period of 17 years, earning interest at the rate of 7% per year compounded continuously. Round you answer to the nearest dollar. ​


A) $284,751
B) $130,510
C) $78,414
D) $84,009
E) $144,734

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