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    Exam 3: Applying Time Value Concepts
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    If Art Wants $35,000 in 10 Years and Can Earn
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If Art Wants $35,000 in 10 Years and Can Earn

Question 12

Question 12

Multiple Choice

If Art wants $35,000 in 10 years and can earn a 12% interest rate, how much does he need to invest today?


A) $10,538
B) $10,310
C) $11,270
D) $14,375

Correct Answer:

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