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If the Present Value of an Individual's Savings Account Is

Question 61

Multiple Choice

If the present value of an individual's savings account is $100,000, what is its future value in 5 years if the account earns an annual interest rate of 2 percent?


A) $110,250.00
B) $110,408.08
C) $112,125.40
D) $109,582.03

Correct Answer:

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