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Time Value of Money Equations
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Time Value of Money Equations
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10. Time Value of Money / Time Value of Money Equations / Problem 2
Problem 2
If \$300 is invested at an annual interest rate of 7% compounded annually, what will be the total amount after 5 years?
A
\$450.00
B
\$420.71
C
\$400.00
D
\$420.00
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