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    Exam 2: Tools for Financial Planning - Applying Time Value Concepts
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    The Future Value of $676 Received Today and Deposited at 5.85
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The Future Value of $676 Received Today and Deposited at 5.85

Question 55

Question 55

Multiple Choice

The future value of $676 received today and deposited at 5.85 percent compounded annually for five years is closest to


A) $693.
B) $962.
C) $907.
D) $898.

Correct Answer:

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