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What's the Future Value of $1, 500 After 5 Years

Question 70

Multiple Choice

What's the future value of $1, 500 after 5 years if the appropriate interest rate is 6%, compounded semiannually?


A) $1, 819
B) $1, 915
C) $2, 016
D) $2, 117
E) $2, 223

Correct Answer:

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