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At the Beginning of Each Year, Bill Ross Invests $1,400

Question 29

Multiple Choice

At the beginning of each year, Bill Ross invests $1,400 semiannually at 8% for nine years. The cash value of the annuity due at the end of the ninth year is (use the tables in the handbook) :


A) $38,739.68
B) $37,399.68
C) $37,939.86
D) $37,339.68
E) None of these

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