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    Exam 4: Time Value of Money
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    Calculate the Future Value When PV = $1,000,the Interest Rate
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Calculate the Future Value When PV = $1,000,the Interest Rate

Question 4

Question 4

Multiple Choice

Calculate the future value when PV = $1,000,the interest rate is 8%,and there are 9 years (periods) .


A) $1,999.00
B) $2,100.16
C) $3,370.60
D) $3,454.28

Correct Answer:

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