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    What Is the Future Value (FV)of $10 000 in Eight
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What Is the Future Value (FV)of $10 000 in Eight

Question 103

Question 103

Multiple Choice

What is the future value (FV) of $10 000 in eight years, assuming the interest rate is 10% per year?


A) $16 212.78
B) $18 756.22
C) $21 435.89
D) $18 000.00

Correct Answer:

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