Multiple Choice
An investor expects to receive 10 payments of $5,000 each made at the end of each period. If interest is compounded at 5% annually, what is the future value of these payments?
A) $3,069.55
B) $7,387.30
C) $38,608.65
D) $62,889.45
Correct Answer:
Verified
Correct Answer:
Verified
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