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    Exam 2: Review and Applications of Algebra
  5. Question
    Use the Formula FV = PV(1 + I)<sup>n</sup> to Calculate
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Use the Formula FV = PV(1 + I)n to Calculate

Question 295

Question 295

Short Answer

Use the formula FV = PV(1 + i)n to calculate i if PV = $2000, FV = $9321.91, and n = 20.

Correct Answer:

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