Solved

Given a 6 Percent Interest Rate, Compute the Year 6

Question 142

Multiple Choice

Given a 6 percent interest rate, compute the year 6 future value of deposits made in years 1, 2, 3, and 4 of $1,200, $1,400, $1,400, and $1,500.

A) $4,741.68
B) $5,986.26
C) $6,179.80
D) $6,726.16

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