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    Financial Management Principles and Applications Study Set 2
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    Exam 5: Time Value of Money-The Basics
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    If You Deposit $1,000 Each Year in a Savings Account
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If You Deposit $1,000 Each Year in a Savings Account

Question 84

Question 84

Short Answer

If you deposit $1,000 each year in a savings account earning 4%, compounded annually, how much will you have in 10 years?

Correct Answer:

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