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What is the future value of a twenty-year ordinary annuity with annual payments of $100,000 if the appropriate rate for the calculations is 6.5%? Assume
What is the future value of a twenty-year ordinary annuity with annual payments of $100,000 if the appropriate rate for the calculations is 6.5%? Assume that the first period of the annuity begins today.
Select one:
a. $ 4,000,000
b. $ 3,882,531
c. $ 4,086,841
d. $ 3,694,831
e. None of the above
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