Multiple Choice
What is the future value (FV) of an ordinary annuity where $500 is invested at the end of each year for 20 years at an annual interest rate of 10%? (Use the formula: $FV = PMT \times \frac{(1 + r)^n - 1}{r}$, where $PMT = 500$, $r = 0.10$, $n = 20$.)
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