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If You Put $1,000 in a Saving Account and Make

Question 4

Multiple Choice

If you put $1,000 in a saving account and make no further deposits, what type of calculation would provide you with the value of the account in 20 years?


A) Future value of a single amount
B) Simple interest
C) Present value of a single amount
D) Present value of a series of deposits
E) Future value of a series of deposits

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