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Calculate the future value of the annuity after three years

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Reference no: EM132740550

Problem 1: An annuity is set up where payments of $1000 are made into a savings account at the end of every 6 month. If interest is 4.5% p.a. compounded quarterly, calculate the future value of the annuity after 3 years.

Select one:

a. $6347.80
b. $6349.81
c. $6171.30
d. $4319.34

Reference no: EM132740550

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