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    Foundations of Financial Management Study Set 4
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    Exam 9: The Time Value of Money
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    Pedro Gonzalez Will Invest $5,000 at the End of Each
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Pedro Gonzalez Will Invest $5,000 at the End of Each

Question 67

Question 67

Multiple Choice

Pedro Gonzalez will invest $5,000 at the end of each year. If the interest rate is 8%, what will the value be after three years?


A) $12,885
B) $6,300
C) $16,230
D) $15,400

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