Multiple Choice
Future value: Carlos Lopes is looking to invest for the next three years. He is looking to invest $7,500 today in a bank term deposit that will earn interest at 5.75 percent annually. How much will he have at the end of three years? (Round to the nearest dollar.)
A) $8,870
B) $9,225
C) $8,681
D) $8,794
Correct Answer:
Verified
Correct Answer:
Verified
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