What Is the Future Value of an Annuity Due That

question 57

Multiple Choice

What is the future value of an annuity due that pays $500 per year for each of the next three years if the interest rate is 6%?

• A) $1,591.80
• B) $1,687.31
• C) $546.35
• D) $2,123.25
• E) $2,250.65

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