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    Exam 8: Compound Interest: Future Value and Present Value
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    If Smitty Is Able to Earn 11% Compounded Semi-Annually on His
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If Smitty Is Able to Earn 11% Compounded Semi-Annually on His

Question 278

Question 278

Multiple Choice

If Smitty is able to earn 11% compounded semi-annually on his $750 investment, how much money will he have in 40 years?


A) $48,751
B) $54,357
C) $73,825
D) $89,324
E) $7,979

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