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Calculate the future value of the annuity

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Reference no: EM132740542

Problem 1: An annuity is set up where payments of $850 are made into a savings account at the end of each month. If interest is 2.91% p.a. compounded quarterly, calculate the future value of the annuity after 75 months.

Select one:

a. $69 807.19
b. $5415.00
c. $84 390.28
d. $69 822.75

Reference no: EM132740542

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