Solve. -A Sequence of Yearly Payments of $3000 Is Invested at at the End

question 52

Multiple Choice

Solve.
-A sequence of yearly payments of $3000 is invested at the end of each of 9 years at an interest rate of 4.6%%, compounded annually. What is the total amount of the annuity after 9 years?

• A)$32,539.77
• B)$31,539.77
• C)$33,539.77
• D)$32,039.77

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Definitions:

Market Portfolio

An investment portfolio that ideally includes all available assets in the market, weighted by their market capitalization, aiming to mimic the market's overall returns.

Discount Rate

The interest rate used to discount future cash flows to their present value, crucial in determining the value of investments.