Future Value of an Annuity Due If the Future Value

question 117

Multiple Choice

Future Value of an Annuity Due If the future value of an ordinary,4-year annuity is $1,000 and interest rates are 6 percent,what is the future value of the same annuity due?

• A)$943.40
• B)$1,000.00
• C)$1,040.00
• D)$1,060.00

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