What is the future value of a $10,000 annuity due at an interest rate of 3% for 5 years? Select one: O a. 47135 O b. 54684.7 O c. 55091 d. 11593

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter9: Sequences, Probability And Counting Theory
Section9.4: Series And Their Notations
Problem 5SE: What is an annuity?
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What is the future value of a $10,000 annuity due at an interest rate of 3% for 5 years?
of
Select one:
tion
O a. 47135
O b. 54684.7
Oc. 55091
O d. 11593
page
Fini
Transcribed Image Text:What is the future value of a $10,000 annuity due at an interest rate of 3% for 5 years? of Select one: tion O a. 47135 O b. 54684.7 Oc. 55091 O d. 11593 page Fini
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