Multiple Choice
What is the future value of $80,000 received today, after 14 years if it is invested at 8% compounded annually for the next five years and 3%, compounded annually for the remaining nine years?
A) $171,022
B) $158,098
C) $144,772
D) $134,567
E) $153,371
Correct Answer:
Verified
Correct Answer:
Verified
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