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    Financial Managerial Accounting Study Set 2
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    Exam 28: The Time Value of Money: Future Amounts and Present Values
  5. Question
    Belle Invests $200 at the End of Each Year in a Savings
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Belle Invests $200 at the End of Each Year in a Savings

Question 20

Question 20

Multiple Choice

Belle invests $200 at the end of each year in a savings account which pays 5% annually.How much will Belle have at the end of 5 years?


A) $1,000.
B) $1,105.13.
C) $1,077.50.
D) $1,082.37.

Correct Answer:

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