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    Financial Accounting Study Set 17
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    Exam 13: Time Value of Money
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    How Much Will $1,000 Invested at the End of Each
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How Much Will $1,000 Invested at the End of Each

Question 22

Question 22

Multiple Choice

How much will $1,000 invested at the end of each year grow to in 20 years,assuming an interest rate of 10% compounded annually?


A) $6,728.
B) $8,514.
C) $83,159.
D) $57,275.

Correct Answer:

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