What is the future value of an ordinary $1,000 annuity payment over six years if interest rates
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Question:
"What is the future value of an ordinary $1,000 annuity payment over six years if interest rates are 6% (assume annual compounding)?"
"$6,000.00 "
"$6,975.32 "
"$4,917.32 "
"$9,675.32
"Not possible to compute with the data provided
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