Multiple Choice
The solution to this problem requires time value of money calculations.Reference to Tables 9-1 through 9-4 in the text is necessary to complete the calculations.
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The future value of equal semiannual payments of $500 at 8% compounded semiannually for four years is
A) $868.
B) $2,000.
C) $4,607.
D) $9,320.
Correct Answer:
Verified
Correct Answer:
Verified
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