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    Introduction to Accounting
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    Exam 11: Time Value of Money
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    The Future Value of a $20,000 Investment at the End
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The Future Value of a $20,000 Investment at the End

Question 86

Question 86

Multiple Choice

The future value of a $20,000 investment at the end of 7 years,assuming 9% simple interest,is:


A) $ 36,560.00
B) $ 32,600.00
C) $ 10,940.00
D) $184,008.00

Correct Answer:

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