Lance Rice has decided to invest $1,200 quarterly for 8 years in an ordinary annuity at 4 percent. The total cash value of the annuity at end of year 8 is:
$46,642.80
$44,992.92
$46,246.80
$44,292.92
None of these
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Home » Mathematics » Lance Rice has decided to invest $1,200 quarterly for 8 years in an ordinary annuity at 4 percent. The total cash value of the annuity at end of year 8 is: $46,642.80 $44,992.92 $46,246.80 $44,292.92 None of these