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What is the future value of an ordinary annuity that pays $3,400 per year for 6 years? The appropriate interest rate is 11 percent. Selected

What is the future value of an ordinary annuity that pays $3,400 per year for 6 years? The appropriate interest rate is 11 percent.

Selected Answer:	b. $26,903.72
Answers:	a. $29,863.13
	b. $26,903.72
	c. $22,644.00
	d. $38,156.46
	e. $6,359.41

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