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    Exam 2: The Time Value of Money: All Dollars Are Not Created Equal
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    The Future Value of $12,000 Invested Today at 6% Interest
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The Future Value of $12,000 Invested Today at 6% Interest

Question 5

Question 5

Multiple Choice

The future value of $12,000 invested today at 6% interest compounded annually for 4 years is


A) $23,259.
B) $15,150.
C) $12,190.
D) $9,505.

Correct Answer:

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