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Future Value: Carlos Lopes Is Looking to Invest for the Next

Question 13

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 CD 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) $8,000
C) $8,681
D) None of the above

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