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10. Time Value of Money
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10. Time Value of Money
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10. Time Value of Money / Time Value of Money Equations / Problem 1
Problem 1
Calculate the future value of \$500 invested today at an annual interest rate of 5% for 4 years.
A
\$600.00
B
\$607.75
C
\$605.00
D
\$625.00
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