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The Future Value of $200 That Is Left in Account

Question 26

Multiple Choice

The future value of $200 that is left in account earning 6.5% interest for three years is best expressed by which of the following?


A) $200(1.065) × 3
B) $200(1.065) /3
C) $200(1.065) ⁿ
D) $200(1.065) ³

Correct Answer:

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