Multiple Choice
Given a 7 percent interest rate, compute the year 6 future value if deposits of $2,500 and $1,500 are made in years 2 and 3, respectively, and a withdrawal of $900 is made in year 4.
A) $2,721.44
B) $4,084.15
C) $4,491.60
D) $7,059.04
Correct Answer:
Verified
Correct Answer:
Verified
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