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

Question 87

Multiple Choice

Solve the problem.
-Find the future value accumulated in an annuity after investing periodic payments of $134 for 8 years at an annual interest rate of 5%, with payments made and credited 4 times per year.


A) $3139.66
B) $6279.31
C) $9418.97
D) $5232.76

Correct Answer:

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