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Which of the following comes closest to the future value of a 10-year annuity of $5,630 that begins in one year and is invested to
Which of the following comes closest to the future value of a 10-year annuity of $5,630 that begins in one year and is invested to earn an interest rate of 12.25%?
a. $ 55,553
b. $ 51,999
c. $ 56,300
d. $100,000
e. $ 63,197
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