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The Waiting on a Friend Company issued an annuity that pays $3,000 per year for 10 years and earns a rate of return of 4.5

The Waiting on a Friend Company issued an annuity that pays $3,000 per year for 10 years and earns a rate of return of 4.5 percent compounded annually. What is the future value of this annuity?

Multiple Choice

$16,066.83

$2,287.86

$36,864.63

$23,738.15

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