SOLUTION: At the beginning of each year, Jerome invests $1,400 semiannually at 8% for nine years. Using the tables found in the textbook, determine the cash value of the annuity due at the e

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Question 1131180: At the beginning of each year, Jerome invests $1,400 semiannually at 8% for nine years. Using the tables found in the textbook, determine the cash value of the annuity due at the end of the ninth year.
A. $38,739.68
B. $37,339.68
C. $37,399.68
D. $37,939.86
Answer by ikleyn(52834) About Me  (Show Source):
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