jannetteguzman31692 jannetteguzman31692

26-12-2023
Business

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Suppose you invest every quarter, for 20 years, in an annuity that pays 5% interest, compounded quarterly. At the end of the 20 years, you have $100,000. How much of this total is interest?
A) $50,000
B) $25,000
C) $75,000
D) $20,000

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