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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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    Determine the Maturity Value of $2000 Due in 63 Months
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Determine the Maturity Value of $2000 Due in 63 Months

Question 97

Question 97

Essay

Determine the maturity value of $2000 due in 63 months compounding annually at 10%.

Correct Answer:

verifed

Verified

n = blured image = 5.25
FV = 200...

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