The future value three years from today of a $100 three-year annuity due compounded at a rate of 10% is equal to ________
A) $300.00
B) $331.00
C) $364.10
D) $133.10
Answer: C
Explanation: C) FV = PMT × × (1 + r)n = $100 × × (1.10)1 = $364.10.
MODE = BEGIN
INPUT 3 10 0 -100 ?
KEY N I/Y PV PMT FV
CPT 364.10
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