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Time Value of Money Equations

10. Time Value of Money / Time Value of Money Equations / Problema 8

Problema 8

What is the future value of \$800 invested today at an annual interest rate of 4% for 6 years?

A

\$1,010.00

B

\$1,010.56

C

\$1,000.00

D

\$1,050.00