Find the Value of the Annuity with the Following Characteristics

question 145

Multiple Choice

Find the value of the annuity with the following characteristics.
-Payments of $100 are made at the end of each year for 7 years at 4% interest compounded annually

• A) $3,289.83
• B) $789.83
• C) $663.30
• D) $316.33

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