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Compute the Future Value in Year 10 of a $1,000

Question 105

Multiple Choice

Compute the future value in year 10 of a $1,000 deposit in year 1, and another $1,500 deposit at the end of year 4 using an 8 percent interest rate.

A) $3,120.73
B) $4,379.31
C) $4,500.00
D) $5,397.31

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