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Solve the Problem. -Find the Future Value Accumulated in an Annuity After Investing

Question 58

Multiple Choice

Solve the problem.
-Find the future value accumulated in an annuity after investing periodic payments of $300 for 6 years at an annual interest rate of 7%, with payments made and credited 4 times per year.


A) $8853.30
B) $15,935.95
C) $10,623.97
D) $5311.98

Correct Answer:

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