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If the Current Rate of Interest Is 8%,then the Future

Question 6

Multiple Choice

If the current rate of interest is 8%,then the future value (FV) of an investment that pays $1000 per year and lasts 20 years is closest to:

A) $18,519
B) $45,762
C) $9,818
D) $20,000
E) $10,016

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