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Use the Table to Solve the Problem

Question 39

Multiple Choice

Use the table to solve the problem. Round to the nearest cent. Use the table to solve the problem. Round to the nearest cent. -Universal Bank lends $4,300,000 for years at 8% compounded quarterly to Shining Shores Development Company to fund the building of a condominium complex. Find the future value. A) $4,734,214.00 B) $4,730,000.00 C) $4,747,544.00 D) $6,318,119.00
-Universal Bank lends $4,300,000 for Use the table to solve the problem. Round to the nearest cent. -Universal Bank lends $4,300,000 for years at 8% compounded quarterly to Shining Shores Development Company to fund the building of a condominium complex. Find the future value. A) $4,734,214.00 B) $4,730,000.00 C) $4,747,544.00 D) $6,318,119.00 years at 8% compounded quarterly to Shining Shores Development Company to fund the building of a condominium complex. Find the future value.


A) $4,734,214.00
B) $4,730,000.00
C) $4,747,544.00
D) $6,318,119.00

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