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Which formula can be adapted to calculate the future value of an annuity?(1 point)
the sum of a finite geometric series
the sum of an infinite arithmetic series
the sum of an infinite geometric series
the sum of a finite arithmetic series
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the sum of a finite geometric series
Rationale: an annuity’s periodic payments accumulate with interest each period, forming a finite geometric series whose sum gives the future value.
Rationale: an annuity’s periodic payments accumulate with interest each period, forming a finite geometric series whose sum gives the future value.
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