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A Series of Payments of $900 Are Being Made at the End

Question 62

Multiple Choice

A series of payments of $900 are being made at the end of each year for the next 8 years. What is the future value 8 years from now, if money can earn 9% compounded semi-annually?


A) $9999
B) $30 220
C) $77 200
D) $14 346
E) $7200

Correct Answer:

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