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Find the Future Value of $201,262 at 6 A=D(1+i)NA = D ( 1 + i ) ^ { N }

Question 100

Multiple Choice

Find the future value of $201,262 at 6.75% compounded monthly for 28 years, using a calculator and the future value formula A=D(1+i) NA = D ( 1 + i ) ^ { N } where AA is future value, PP is present value, i=rni = \frac { r } { n } and M=ntM = n t


A) $1,929,444.30\$ 1,929,444.30
B) $1,332,645.05\$ 1,332,645.05
C) $8,634,345.38\$ 8,634,345.38
D) $1,325,190.85\$ 1,325,190.85
E) $55,675,663.14\$ 55,675,663.14

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