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Time Value of Money Equations

10. Time Value of Money / Time Value of Money Equations / Problema 4

Problema 4

Using a future value table, calculate the future value of an annuity that pays \$500 annually for 3 years at an interest rate of 6%.

A

\$1,600.00

B

\$1,550.00

C

\$1,590.00

D

\$1,500.00