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  • 24-05-2023
  • Business
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An annuity pays $12 per year for 47 years. What is the future value (FV) of this annuity at the end of that 47 years given that the discount rate is 7%? A. $3,950.69 B. $2,370.41 C. $5,530.97 D. $4,740.83

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