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    Practicing Financial Planning
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    Exam 3: Time Value of Money: The Universal Tool
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    Suppose an Investor Invests $2,000 at the Beginning of Each
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Suppose an Investor Invests $2,000 at the Beginning of Each

Question 21

Question 21

Multiple Choice

Suppose an investor invests $2,000 at the beginning of each year. What will be the value of the investment at the end of ten years if he earns ten percent?


A) $31,875
B) $35,062
C) $13, 518
D) $12,289
E) $20,000

Correct Answer:

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