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Find the Amount of an Annuity If $300 Per Month

Question 135

Multiple Choice

Find the amount of an annuity if $300 per month is paid into it for a period of 17 years, earning interest at the rate of 9% per year compounded continuously.


A) $144,727
B) $118,909
C) $245,790
D) $179,614
E) $179,511

Correct Answer:

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