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    Introduction to Corporate Finance
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    Exam 2: The Time Value of Money
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    If You Invest $2,500 in a Bank Account That Pays
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If You Invest $2,500 in a Bank Account That Pays

Question 22

Question 22

Multiple Choice

If you invest $2,500 in a bank account that pays 6% interest compounded monthly, how much will you have in five years?


A) $1,853.43
B) $3,345.56
C) $2,505.20
D) $3,372.13

Correct Answer:

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