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    Exam 3: Applying Time Value Concepts
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    If Sandy Has $7,000 Today and Invests It for Five
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If Sandy Has $7,000 Today and Invests It for Five

Question 110

Question 110

Multiple Choice

If Sandy has $7,000 today and invests it for five years at a 5% interest rate, how much will she have in five years?


A) $8,750
B) $7,850
C) $8,932
D) $8,857

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