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    Foundations of Financial Management Study Set 1
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    Exam 9: The Time Value of Money
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    Pedro Gonzalez Will Invest $5,000 at the Beginning of Each
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Pedro Gonzalez Will Invest $5,000 at the Beginning of Each

Question 51

Question 51

Multiple Choice

Pedro Gonzalez will invest $5,000 at the beginning of each year for the next 9 years.The current yield is 8%.What is the future value?


A) $45,000
B) $62,438
C) $67,433
D) $60,105

Correct Answer:

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