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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 81

Question 81

Multiple Choice

Use the compound interest formula to compute the future value of the investment.
-$1620 at 7.4% compounded annually for 16 years


A) $3418.20
B) $4726.93
C) $3538.08
D) $5076.72

Correct Answer:

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