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    Personal Finance Study Set 15
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    Exam 3: Applying Time Value Concepts
  5. Question
    Use the Data in Table 3
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Use the Data in Table 3

Question 2

Question 2

Multiple Choice

Use the data in table 3.1 to answer the following question(s) :
Use the data in table 3.1 to answer the following question(s) :    Table 3.1 -Refer to Table 3.1 above. How much will you have if you deposit $1,000 each year for the next 5 years in an account paying 7%? A)  $1,403 B)  $713 C)  $5,751 D)  $4,100 Table 3.1
-Refer to Table 3.1 above. How much will you have if you deposit $1,000 each year for the next 5 years in an account paying 7%?


A) $1,403
B) $713
C) $5,751
D) $4,100

Correct Answer:

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