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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 216

Question 216

Multiple Choice

Use the compound interest formula to compute the future value of the investment.
-$5000 at 7.25% compounded continuously for 7 years


A) $10,323.66
B) $5375.96
C) $8305.67
D) $3759.51

Correct Answer:

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