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Lance Rice has decided to invest $1,200 quarterly for eight years in an ordinary annuity at 4%. The ...

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Lance Rice has decided to invest $1,200 quarterly for eight years in an ordinary annuity at 4%. The ...

Lance Rice has decided to invest $1,200 quarterly for eight years in an ordinary annuity at 4%. The total cash value of the annuity at end of year 8 is

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$46,642.80

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$44,992.88

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$46,246.80

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$45,442.81

Textbook

Math for Business and Finance: an Algebraic Approach

Edition: 3^rd

Author: Slater

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