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Mary Wants to Have $150 After Four Years by Depositing

Question 33

Multiple Choice

Mary wants to have $150 after four years by depositing $100 today and earning six percent interest compounded annually for the next six years.Can Mary attain her financial goal of having $150 lump sum six years later?


A) Yes,future value is more than $150.
B) Yes,present value is more than $150.
C) No,present value is less than $150.
D) No,future value is less than $150.

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