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) $9,320
C) $2,000
D) $4,607
Correct Answer:
Verified
Correct Answer:
Verified
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