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Time Value of Money Calculations

13. The Financial System / Time Value of Money Calculations / Problema 3

Problema 3

What is the future value of \$1,000 invested for 3 years at an annual interest rate of 3%?

A

\$1,092.73

B

\$1,080.00

C

\$1,100.00

D

\$1,090.00