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    Financial Accounting Study Set 28
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    Exam 14: Understanding Investments and Acquisitions in Accounting
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    If You Are Able to Earn a 15% Rate of Return
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If You Are Able to Earn a 15% Rate of Return

Question 63

Question 63

Multiple Choice

If you are able to earn a 15% rate of return, what amount would you need to invest to have $6,500 one year from now?


A) $6,435.65
B) $5,687.50
C) $5,525.00
D) $5,652.20

Correct Answer:

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