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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 84

Question 84

Multiple Choice

Use the compound interest formula to compute the future value of the investment.
-$800 at 6.3% compounded semiannually for 12 years


A) $1665.29
B) $1684.04
C) $1404.80
D) $1160.70

Correct Answer:

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