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What Is the Future Value of $30,000 Received Today, After

Question 104

Multiple Choice

What is the future value of $30,000 received today, after 10 years if it is invested at 7% compounded annually for the next seven years and 5%, compounded annually for the remaining three years?


A) $81,744
B) $71,000
C) $62,772
D) $54,567
E) $55,767

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