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Pedro Gonzalez Will Invest $5,000 at the Beginning of Each

Question 61

Multiple Choice

Pedro Gonzalez will invest $5,000 at the beginning of each year for the next 9 years. The interest rate is 8 percent. What is the future value?


A) $58,471.
B) $62,440.
C) $67,435.
D) $72,435.

Correct Answer:

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