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Find the Future Value of an Annuity with Monthly Deposits

Question 35

Multiple Choice

Find the future value of an annuity with monthly deposits of $250, made over a period of 30 years, with 6.1% interest compounded monthly.


A) $153,264.36
B) $198,328.32
C) $231,235.54
D) $255,986.36

Correct Answer:

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