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Determine the Future Value of a $75,000 Initial Deposit and $400

Question 150

Multiple Choice

Determine the future value of a $75,000 initial deposit and $400 withdrawals at the start of each month of five years, given an interest rate of 9.9% compounded quarterly.


A) $61,218.42
B) $65,218.42
C) $85,218.42
D) $88,218.42
E) $91,218.42

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