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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 $5,000 Invested Today at 3% Interest
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The Future Value of $5,000 Invested Today at 3% Interest

Question 30

Question 30

Multiple Choice

The future value of $5,000 invested today at 3% interest compounded annually for 5 years is


A) $5,255.
B) $5,520.
C) $5,628.
D) $5,796.

Correct Answer:

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