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    The Future Value of $200 Received Today and Deposited for Three
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The Future Value of $200 Received Today and Deposited for Three

Question 16

Question 16

Multiple Choice

The future value of $200 received today and deposited for three years in an account which earns semiannual interest of 8 percent is ________.


A) $253
B) $252
C) $158
D) $135

Correct Answer:

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