What is the future value of an annuity with monthly deposits of $277 for a period of 11.5 years at an interest rate of 7.44% compounded monthly? The deposits are made at the end of the month.
A) $60 616.68
B) $60 161.68
C) $60 186.68
D) $60 611.68
E) $60 001.68
Correct Answer:
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