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    Exam 13: Personal Financial Management
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    Use the Compound Interest Formula to Compute the Future Value
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Use the Compound Interest Formula to Compute the Future Value

Question 58

Question 58

Multiple Choice

Use the compound interest formula to compute the future value of the investment.
-$1300 at 2% compounded quarterly for 6 years


A) $1339.49
B) $1465.31
C) $1456.00
D) $1464.01

Correct Answer:

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