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    Principles of Macroeconomics Study Set 8
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    Exam 14: The Basic Tools of Finance: Present Value Measuring the Time Value of Money
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    Suppose You Put $350 into a Bank Account Today
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Suppose You Put $350 into a Bank Account Today

Question 163

Question 163

Multiple Choice

Suppose you put $350 into a bank account today.Interest is paid annually and the annual interest rate is 6 percent.The future value of the $350 after 4 years is


A) $414.09.
B) $434.00.
C) $441.87.
D) $481.24.

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