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The Future Value of $50 Deposited Each Year for 6

Question 86

Multiple Choice

The future value of $50 deposited each year for 6 years earning 7 percent would be approximately: Use Exhibit 1-B.(Round time value factors to 3 decimal places and final answer to the nearest dollar amount.) The future value of $50 deposited each year for 6 years earning 7 percent would be approximately: Use Exhibit 1-B.(Round time value factors to 3 decimal places and final answer to the nearest dollar amount.) A) $50 B) $300 C) $358 D) $371 E) $428


A) $50
B) $300
C) $358
D) $371
E) $428

Correct Answer:

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