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Lance Rice Has Decided to Invest $1,200 Quarterly for Eight

Question 24

Multiple Choice

Lance Rice has decided to invest $1,200 quarterly for eight years in an ordinary annuity at 4%. The total cash value of the annuity at end of year 8 is


A) $46,642.80
B) $44,992.88
C) $46,246.80
D) $44,292.92
E) None of these

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