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    Exam 13: Time Value of Money
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    How Much Will $8,000 Grow to in Five Years,assuming an Interest
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How Much Will $8,000 Grow to in Five Years,assuming an Interest

Question 19

Question 19

Multiple Choice

How much will $8,000 grow to in five years,assuming an interest rate of 8% compounded quarterly?


A) $10,989.
B) $11,755.
C) $11,888.
D) $12,013.

Correct Answer:

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