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    Foundations of Financial Management Study Set 2
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    Exam 9: The Time Value of Money
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    Pedro Gonzalez Will Invest $5,000 at the Beginning of Each
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Pedro Gonzalez Will Invest $5,000 at the Beginning of Each

Question 20

Question 20

Multiple Choice

Pedro Gonzalez will invest $5,000 at the beginning of each year for the next nine years. The interest rate is 8%. What is the future value?


A) $58,471
B) $62,440
C) $67,435
D) $72,435

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