Lance Rice has decided to invest $1,200 quarterly for five years in an ordinary annuity at 8%. The total cash value of the annuity at end of year 8 is (use the tables in the handbook) :
A) $25,196.75
B) $29,156.76
C) $22,711.30
D) $7,039.92
E) None of these
Correct Answer:
Verified
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