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    Fundamentals of Financial Management
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    Exam 5: Time Value of Money
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    Jose Now Has $500
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Jose Now Has $500

Question 39

Question 39

Multiple Choice

Jose now has $500.How much would he have after 6 years if he leaves it invested at 5.5% with annual compounding?


A) $591.09
B) $622.20
C) $654.95
D) $689.42
E) $723.89

Correct Answer:

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