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URGENT An annuity pays $10 per year for 40 years. What is the future...

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Question

Finance

URGENT

An annuity pays $10 per year for 40 years. What is the future value (FV) of this annuity at the end of that

40 years given that the discount rate is 7%?

A.$1,197.81

B.$2,794.89

C. $1,996.35

D. $2,395.62

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