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What Amount Today Is Equivalent to $6,800 Three Years Ago

Question 260

Multiple Choice

What amount today is equivalent to $6,800 three years ago, if money earned 12% compounded quarterly over the past three years?

A) $8,872.46
B) $9,553.51
C) $9,695.17
D) $9,729.23
E) $4,769.38

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