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A Four-Year Annuity of $1,000 Annual Payments at the End

Question 12

Multiple Choice

A four-year annuity of $1,000 annual payments at the end of each year, with a 10% interest rate is worth how much today?

A) $2,914.67
B) $3,486.85
C) $3,169.87
D) None of the above

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