What is the future value-assume annual compounding

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Reference no: EM13849359

What is the future value of $1,200 a year at the end of each year for 40 years at 8 percent interest? Assume annual compounding.

$47,221.54

$14,309.54

$48,756.44

$310,867.82

$1,239.01

Reference no: EM13849359

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