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    Exam 24: Time Value of Money Module
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    Interest Compounded on a $10, 000 Principal Amount Monthly at 18
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Interest Compounded on a $10, 000 Principal Amount Monthly at 18

Question 49

Question 49

Multiple Choice

Interest compounded on a $10, 000 principal amount monthly at 18% for two years is


A) $1, 800
B) $3, 600
C) $3, 924
D) $4, 295

Correct Answer:

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