What is the future value of five-year ordinary annuity

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Reference no: EM13956394

What is the future value of a five-year ordinary annuity with annual payments of $200, evaluated at a 15 percent interest rate?

A) $1,067.44

B) $1,184.91

C) $1,510.15

D) $1,348.48

E) $2,348.76

Reference no: EM13956394

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