An Annuity with $1,000 Annual Payments at the End of Each

question 161

Multiple Choice

An annuity with $1,000 annual payments at the end of each year, with a 10% interest rate, is worth how much at the end of four years?

• A)$4,641.00
• B)$3,169.87
• C)$5,105.10
• D)None of the above

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Definitions:

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Environmental Factors

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