Find the Future Value of the Ordinary Annuity

question 24

Multiple Choice

Find the future value of the ordinary annuity. Interest is compounded annually, unless otherwise indicated.
-PMT = $7,500, i = 3% interest compounded semiannually for 3 years

• A) $46,721.63
• B) $38,642.00
• C) $546,721.63
• D) $265,225.00

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