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    Financial Accounting Study Set 31
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    Exam 14: Time Value of Money
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    If You Are Able to Earn an 8% Rate of Return
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If You Are Able to Earn an 8% Rate of Return

Question 29

Question 29

Multiple Choice

If you are able to earn an 8% rate of return, what amount would you need to invest to have $30,000 one year from now?


A) $27,747
B) $27,778
C) $27,273
D) $29,700

Correct Answer:

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