Multiple Choice
Which of the following will result in a future value greater than $100?
A) PV = $50,r = an annual interest rate of 10%,and n = 8 years.
B) PV = $75,r = an annual interest rate of 12%,and n = 3 years.
C) PV = $90,r = an annual interest rate of 14%,and n = 1 year.
D) All of the future values are greater than $100.
Correct Answer:
Verified
Correct Answer:
Verified
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