Multiple Choice
Solve.
-A sequence of yearly payments of $6000 is invested at an interest rate of 5.2%, compounded annually. What is the total amount of the annuity after 8 years?
A) $58,706.12
B) $57,706.12
C) $56,706.12
D) $57,206.12
Correct Answer:
Verified
Correct Answer:
Verified
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