Find the Future Value of the Annuity

question 145

Multiple Choice

Find the future value of the annuity.
-A sequence of yearly payments of $5000 is invested at the end of each of 9 years at an interest rate of 2.1%, compounded annually. What is the total amount of the annuity after 9 years?

• A) $48,471.18
• B) $48,971.18
• C) $49,971.18
• D) $47,971.18

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