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If the Current Rate of Interest Is 8%,then the Future

Question 63

Multiple Choice

If the current rate of interest is 8%,then the future value 20 years from now of an investment that pays $1000 per year and lasts 20 years is closest to:


A) $45,762.
B) $36,725.
C) $9818.
D) $93,219.

Correct Answer:

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