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    Exam 8: Compound Interest: Future Value and Present Value
  5. Question
    Calculate the Maturity Value of $2000 Invested in a Five-Year
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Calculate the Maturity Value of $2000 Invested in a Five-Year

Question 54

Question 54

Short Answer

Calculate the maturity value of $2000 invested in a five-year compound-interest GIC earning 4.1% compounded annually?

Correct Answer:

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