Find the Future Value of the Annuity

question 78

Multiple Choice

Find the future value of the annuity.
-A sequence of yearly payments of $6000 is invested at the end of each of 12 years at an interest rate of 2.1%, compounded annually. What is the total amount of the annuity after 12 years?

• A) $81,926.57
• B) $79,926.57
• C) $80,426.57
• D) $80,926.57

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