An Annuity Pays $12 Per Year for 100 Years

question 33

Multiple Choice

An annuity pays $12 per year for 100 years. What is the future value (FV) of this annuity at the end of those 100 years, given that the discount rate is 8%?

• A)$329 814
• B)$356 211
• C)$389 241
• D)$328 491

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