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Kia Deposited $1,200, at the BEGINNING of Each Year for 30

Question 3

Multiple Choice

Kia deposited $1,200, at the BEGINNING of each year for 30 years in a credit union account. If the account paid 12% interest, compounded annually, use the appropriate formula to find the future value of her account.


A) $311,097.91
B) $288,399.20
C) $298,569.33
D) $324,351.13

Correct Answer:

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