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What is the future value of $1,200 a year for 40 years at 6 percent interest? Assume annual compounding. 3. A. $101,115 B. $206,492 C.

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What is the future value of $1,200 a year for 40 years at 6 percent interest? Assume annual compounding. 3. A. $101,115 B. $206,492 C. $185,714 D. $142,908 E. $147,267

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