Solve using the formula for the future value of an ordinary annuity.Given the monthly payment, R, the annual interest rate, r, and the number of monthly payments, nt, find the future value of the annuity.R = $1300; r = 8.5%; nt = 17
A. $24,198.38
B. $23,397.81
C. $17,548.36
D. $24,398.04
Answer: B
Mathematics
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