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Consider an annuity in which 4 annual payments each of $600 are made with a interest rate of 6% compounded annually. If the payment are
Consider an annuity in which 4 annual payments each of $600 are made with a interest rate of 6% compounded annually. If the payment are made at the end of the year (Ordinary Annuity) what is the future value if the annuity at the end of the 4th year?
a.$5624
b.$2624
c.$757
d.$475
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