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    Exam 8: Compound Interest: Future Value and Present Value
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    Calculate the Maturity Value of $18,559 After 7
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Calculate the Maturity Value of $18,559 After 7

Question 116

Question 116

Multiple Choice

Calculate the maturity value of $18,559 after 7.5 years at 9% compounded quarterly.


A) $36,179
B) $31,086
C) $32,000
D) $53,776
E) $29,000

Correct Answer:

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