Calculate the compounding factor that would be used to determine the future value of an annuity for

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Calculate the compounding factor that would be used to determine the future value of an annuity for an investment of 5.32 years if the appropriate rate of return was set at 8.54 %.

a. 6.3988

b. 1.5465

c. 31.4461

d. 5.2618

e. 3.9816

Related Book For answer-question

Personal Financial Planning

ISBN: 9780357438480

15th Edition

Authors: Randy Billingsley, Lawrence J. Gitman, Michael D. Joehnk

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Posted Date: Oct 07, 2023 03:48 AM

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Calculate the compounding factor that would be used to determine the future value of an annuity for

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Personal Financial Planning

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