Question: 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

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

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