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    Financial Management Principles and Applications Study Set 4
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    Exam 5: Time Value of Money - the Basics
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    How Many Periods Would It Take for the Deposit to Grow
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How Many Periods Would It Take for the Deposit to Grow

Question 17

Question 17

Multiple Choice

How many periods would it take for the deposit to grow to $6,798 if the interest is compounded half-yearly?


A) 17
B) 19
C) 21
D) 25

Correct Answer:

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