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    Exam 3: Understanding and Appreciating the Time Value of Money
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    What Is the Future Value of $121,307 Invested Today in an Account
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What Is the Future Value of $121,307 Invested Today in an Account

Question 111

Question 111

Multiple Choice

What is the future value of $121,307 invested today in an account that earns a 7.5% annual rate in 40 years?


A) $1,456,876
B) $457,987
C) $2,188,893
D) $1,545,420

Correct Answer:

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