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  3. Study Set
    Contemporary Financial Management Study Set 2
  4. Exam
    Exam 5: The Time Value of Money
  5. Question
    How Much Will You Have at the End of 5
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How Much Will You Have at the End of 5

Question 1

Question 1

Multiple Choice

How much will you have at the end of 5 years in a European vacation account if you deposit $200 a month in an account that is paying a nominal 12 percent per year, compounded monthly?


A) $16,334
B) $15,247
C) $16,497
D) $15,817

Correct Answer:

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