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    Exam 4: The Time Value of Money
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    An Annuity Will Pay You $1,000 Per Year for 30
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An Annuity Will Pay You $1,000 Per Year for 30

Question 80

Question 80

Multiple Choice

An annuity will pay you $1,000 per year for 30 years.What is the FV of this annuity at the end of 30 years,if your cost of capital is 3%?


A) $47,575
B) $19,600
C) $30,131
D) $30,000
E) $30,900

Correct Answer:

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