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An annuity pays $1500 at the beginning of every month for five years. The interest rate of the annuity is 4%. What is this annuity’s future value?

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An annuity pays $1500 at the beginning of every month for five years.

The interest rate of the annuity is 4%. What is this annuity’s future value?

$99,448

$99,780

$97,948

$101,280

 
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