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Use the Compound Interest Table to Calculate the Maturity Value

Question 8

Multiple Choice

Use the compound interest table to calculate the maturity value on Jackson s principal of $7,250 at 12% compounded annually for five years. Use the compound interest table to calculate the maturity value on Jackson s principal of $7,250 at 12% compounded annually for five years.   A)  $22,517.40 B)  $20,876.84 C)  $16,935.62 D)  $12,776.98


A) $22,517.40
B) $20,876.84
C) $16,935.62
D) $12,776.98

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