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Consider the value in 3.75 years of a 3-year annuity, with the first $1,100 payment being made one year from today. What is the future
Consider the value in 3.75 years of a 3-year annuity, with the first $1,100 payment being made one year from today. What is the future value if the annual percentage yield (APY) is 10%?
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$3,910.80
$3,815.21
$3,555.27
$3,467.20
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