Multiple Choice
Future Value of an Annuity Due If the future value of an ordinary,7-year annuity is $10,000 and interest rates are 4 percent,what is the future value of the same annuity due?
A) $9,615.38
B) $10,000.00
C) $10,400.00
D) $10,700.00
Correct Answer:
Verified
Correct Answer:
Verified
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