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    Contemporary Financial Management Study Set 1
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    Exam 5: A: The Time Value of Money
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    Brad Deposited $5,250 into an Account That Earns 7% Interest
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Brad Deposited $5,250 into an Account That Earns 7% Interest

Question 16

Question 16

Multiple Choice

Brad deposited $5,250 into an account that earns 7% interest compounded continuously.How much money will he have in 15 years?


A) $15,002.67
B) $12,175.90
C) $13,957.14
D) $14,964.25

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