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    Foundations of Financial Management Study Set 3
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    Exam 9: The Time Value of Money
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    How Much Must You Invest at 8% Interest in Order
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How Much Must You Invest at 8% Interest in Order

Question 13

Question 13

Multiple Choice

How much must you invest at 8% interest in order to see your investment grow to $8,000 in 10 years?


A) $3,070
B) $3,704
C) $3,105
D) none of these

Correct Answer:

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