Future Value of an Annuity Due If the Future Value

question 53

Multiple Choice

Future Value of an Annuity Due If the future value of an ordinary,7-year annuity is $10,000 and interest rates are 4 percent,what is the future value of the same annuity due?

• A)$9,615.38
• B)$10,000.00
• C)$10,400.00
• D)$10,700.00

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