Find the Future Value of the Annuity

question 252

Multiple Choice

Find the future value of the annuity.
-A sequence of yearly payments of $6000 is invested at the end of each of 11 years at an interest rate of 2.1%, compounded annually. What is the total amount of the annuity after 11 years?

• A) $72,885.48
• B) $74,385.48
• C) $72,385.48
• D) $73,385.48

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