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    Exam 3: Understanding and Appreciating the Time Value of Money
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    If Arnold Were to Leave His Money in the Account
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If Arnold Were to Leave His Money in the Account

Question 49

Question 49

Multiple Choice

If Arnold were to leave his money in the account until he was 68,by approximately what amount would the balance increase between his 62nd and 68th years?


A) $113,667
B) $1,096,471
C) $160,457
D) $1,973

Correct Answer:

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