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    Exam 5: Time Value of Money
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    The Future Value of a $10,000 Annuity Due Deposited at 12
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The Future Value of a $10,000 Annuity Due Deposited at 12

Question 36

Question 36

Multiple Choice

The future value of a $10,000 annuity due deposited at 12 percent compounded annually for each of the next 5 years is


A) $36,050.
B) $63,530.
C) $40,376.
D) $71,154.

Correct Answer:

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