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If You Receive $20,000 as a Gift and Invest It

Question 47

Multiple Choice

If you receive $20,000 as a gift and invest it at 12% compounded semi-annually,how much will you have at the end of three years? Use Table FA-1. If you receive $20,000 as a gift and invest it at 12% compounded semi-annually,how much will you have at the end of three years? Use Table FA-1. A) $32,020.60 B) $28,380.00 C) $22,497.20 D) $14,027.60


A) $32,020.60
B) $28,380.00
C) $22,497.20
D) $14,027.60

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