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    The Future Value of an Ordinary Annuity of $1,000 Each
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The Future Value of an Ordinary Annuity of $1,000 Each

Question 22

Question 22

Multiple Choice

The future value of an ordinary annuity of $1,000 each year for 10 years,deposited at 3 percent,is: (Round to the nearest whole dollar)


A) $11,808
B) $11,464
C) $8,530
D) $10,000

Correct Answer:

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