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What Is the Future Value of a Series of $500

Question 7

Multiple Choice

What is the future value of a series of $500 annual payments received at the end of each of the next 5 years' worth if they are invested at an annual rate of return of 6%?


A) $1,223.44
B) $2,176.65
C) $2,818.50
D) $3,309.76

Correct Answer:

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