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If the Interest Rate Is 4%,in Which of the Following

Question 176

Multiple Choice

If the interest rate is 4%,in which of the following cases is the future value the largest?


A) An initial value of $1,000 deposited for 5 years.
B) An initial value of $950 deposited for 6 years.
C) An initial value of $900 deposited for 7 years.
D) An initial value of $850 deposited for 8 years.

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