An Annuity Will Pay You $1,000 Per Year for 30

question 80

Multiple Choice

An annuity will pay you $1,000 per year for 30 years.What is the FV of this annuity at the end of 30 years,if your cost of capital is 3%?

• A)$47,575
• B)$19,600
• C)$30,131
• D)$30,000
• E)$30,900

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