Multiple Choice
What amount will an ordinary annuity be worth in 25 years if quarterly payments of $1,750 are made and the interest rate is 14% compounded quarterly for the first 15 years and 10% compounded quarterly for the final 10 years?
A) $384,999
B) $461,859
C) $1,509,570
D) $1,062,754
E) $1,041,360
Correct Answer:
Verified
Correct Answer:
Verified
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