Multiple Choice
Find the future value of the ordinary annuity. Interest is compounded annually, unless otherwise indicated.
-PMT = $7,500, i = 3% interest compounded semiannually for 3 years
A) $46,721.63
B) $38,642.00
C) $546,721.63
D) $265,225.00
Correct Answer:
Verified
Correct Answer:
Verified
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