Multiple Choice
If the future value of an ordinary, 11-year annuity is $5,575 and interest rates are 5.5 percent, what is the future value of the same annuity due?
A) $5,619.52
B) $5,769.06
C) $5,881.63
D) $5,947.88
Correct Answer:
Verified
Correct Answer:
Verified
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