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If $4,000 Is Put in a Savings Account Today, What

Question 1

Multiple Choice

If $4,000 is put in a savings account today, what amount will be available six years from now?


A) $4,000 × 1.080 × 6
B) $4,000 × 1.080 × 1.469
C) $4,000 × 1.166 × 3
D) $4,000 × 1.260 × 2
Items 59 through 61 apply to the appropriate use of present value tables.Given below are the present value factors for $1.00 discounted at 10% for one to five periods.Each of the items 59 to 61 is based on 10% interest compounded annually.
If $4,000 is put in a savings account today, what amount will be available six years from now? A) $4,000 × 1.080 × 6 B) $4,000 × 1.080 × 1.469 C) $4,000 × 1.166 × 3 D) $4,000 × 1.260 × 2 Items 59 through 61 apply to the appropriate use of present value tables.Given below are the present value factors for $1.00 discounted at 10% for one to five periods.Each of the items 59 to 61 is based on 10% interest compounded annually.

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