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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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    The Future Value of a $500 Investment Today at 10
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The Future Value of a $500 Investment Today at 10

Question 2

Question 2

Multiple Choice

The future value of a $500 investment today at 10% annual interest compounded semiannually for five years is ______.


A) $805
B) $814
C) $750
D) $923

Correct Answer:

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