Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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5. What is the future value of a 5-year ordinary annuity with annual payments of $200, evaluated at a 15 percent interest rate? * O a) $ 670.44 O b) $ 842.91 O c) $1,522.64 d) $1,348.48 e) None of the above
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Transcribed Image Text:5. What is the future value of a 5-year ordinary annuity with annual payments of $200, evaluated at a 15 percent interest rate? * O a) $ 670.44 O b) $ 842.91 O c) $1,522.64 d) $1,348.48 e) None of the above
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