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    Exam 5: Time Value of Money
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    What's the Future Value of $1,950 After 5 Years If
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What's the Future Value of $1,950 After 5 Years If

Question 24

Question 24

Multiple Choice

What's the future value of $1,950 after 5 years if the appropriate interest rate is 6%,compounded monthly?


A) $3,051.10
B) $2,630.26
C) $3,208.91
D) $2,498.74
E) $2,130.51

Correct Answer:

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