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Mathematics 18 Online
OpenStudy (anonymous):

Lance Rice has decided to invest $1,200 quarterly for 8 years in an ordinary annuity at 4 percent. The total cash value of the annuity at end of year 8 is a)$46,642.80 b)$44,992.92 c)$46,246.80 d)$44,292.92 e)None of these

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