What Is the Future Value of an Ordinary Annuity Consisting

question 50

Multiple Choice

What is the future value of an ordinary annuity consisting of 10 annual payments of $100 with an interest rate of 10% p.a.compounded weekly?

• A)$1,593.70
• B)$1,632.97
• C)$1,457.90
• D)$1,873.23

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