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QuizMultiple Choice

Annuities

Question 1 • FT GMS AMDM B IC – 72

You put $200 at the end of each month in an investment plan that pays an APR of 4.5%. How much will you have after 18 years? Compare this amount to the total deposits made over the time period.a.$66,370.35; $43,200c.$66,380.12; $43,000b.$66,295.23; $43,000d.$66,373.60; $43,200

Answer
A
A
B
B
C
C
D
D
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You put $200 at the end of each month in an…