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    Contemporary Business Mathematics Study Set 1
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    Exam 9: Compound Interest - Future Value and Present Value
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    What Sum of Money Will Grow to $23 000
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What Sum of Money Will Grow to $23 000

Question 95

Question 95

Essay

What sum of money will grow to $23 000.00 in seven years at 9.612% compounded monthly?

Correct Answer:

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FV = 23000.00; m = 12; i = blured image = ...

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