6
QuizMultiple Choice

Annuities

Question 6 • SNHS Financial Math - MA2007

You put $125.32 at the end of each month in an investment plan that pays 2.5% interest, compounded monthly. How much will you have after 23 years? Round to the nearest cent.

Answer
A
$46,683.28
B
$4,564,471.88
C
$2,949.39
D
$3,832.84
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