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James has set up an ordinary annuity to save for his retirement in 1 7 years. If his monthly payments q , are $ 2

James has set up an ordinary annuity to save for his retirement in 17 years. If his monthly payments
q, are $225 and the annuity has an annual interest rate of 8.5%, what will be the value of the annuity when he retires?
A) $87,971.03
B) $106,291.90
C) $76,718.92
D) $102,291.90
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