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    Financial Accounting Study Set 31
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    Exam 14: Time Value of Money
  5. Question
    John Reynolds Deposited $10,000 in an Account Paying Interest of 4
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John Reynolds Deposited $10,000 in an Account Paying Interest of 4

Question 16

Question 16

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John Reynolds deposited $10,000 in an account paying interest of 4% compounded annually.What amount will be in the account at the end of four years?

Correct Answer:

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Use Table 1.
$10,000...

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