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What is the future value of the following annuity payments: $100 each 3 months for 8 years at a nominal rate of 12% compounded quarterly?

What is the future value of the following annuity payments: $100 each 3 months for 8 years at a nominal rate of 12% compounded quarterly?

Select one:

a. $5,201.77

b. $5,245.99

c. $5,443.09

d. $5,250.28

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