Multiple Choice
A two-year investment of $300 is made today at an annual interest rate of 4%.Which of the following statements is TRUE?
A) The PV is $277.37.
B) The FV is $224.72.
C) The FV is $324.48.
D) This question is irrelevant because there are no two-year investments that earn an average of 4% per year.
Correct Answer:
Verified
Correct Answer:
Verified
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