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The Solution to This Problem Requires Time Value of Money

Question 61

Multiple Choice

The solution to this problem requires time value of money calculations.Reference to Tables 9-1 through 9-4 in the text is necessary to complete the calculations. ​
The future value of equal semi-annual payments of $500 at 8% compounded semiannually for 4 years is


A) $868
B) $2,000
C) $4,607
D) $9,320

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