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    Exam 2: Time Value of Money
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    Calculate the Future Value When PV = $1,600,the Interest Rate
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Calculate the Future Value When PV = $1,600,the Interest Rate

Question 23

Question 23

Multiple Choice

Calculate the future value when PV = $1,600,the interest rate is 8%,and there are 10 periods.


A) $7,030.26
B) $3,620.37
C) $3,370.60
D) $3,454.28

Correct Answer:

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