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Use the Future Value Formula to Find the Indicated Value

Question 50

Multiple Choice

Use the future value formula to find the indicated value. Round to three decimal places:
-n = 13; i = 0.04; PMT = $1000; FV = ?


A) $41,627.144
B) $16,627.838
C) $18,292.371
D) $15,026.247

Correct Answer:

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