If Maria invests $2,700 at the end of each six-month period for six years at an annual
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If Maria invests $2,700 at the end of each six-month period for six years at an annual rate of 4%, what is the approximate future value of her ordinary annuity? Review Chapter 7 for the techniques of interannual compounding.
a. $17,909.10
b. $20,248.23
c. $31,755.54
d. $36,212.67
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