Multiple Choice
Suppose that your salary will increase by 2% per year over the next 4 years. If annual interest rate is also 2% over this period, what is the geometric series to present worth conversion factor in this case?
A) 4.08
B) 4.00
C) 3.92
D) 3.56
E) 3.22
Correct Answer:
Verified
Correct Answer:
Verified
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