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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 7
Problem 7
If \$400 is invested at an annual interest rate of 9% compounded annually, what will be the total amount after 4 years?
A
\$550.00
B
\$564.00
C
\$560.00
D
\$580.00
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