Multiple Choice
A two-year investment of $200 is made today at an annual interest rate of 6%.Which of the following statements is true?
A) The PV is $178.00.
B) The FV is $224.00.
C) The FV is $224.72.
D) This question is irrelevant because there are no two-year investments that earn an average of 6% per year.
Correct Answer:
Verified
Correct Answer:
Verified
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