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Time Value of Money Calculations
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Time Value of Money Calculations
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14. The Financial System / Time Value of Money Calculations / Problem 3
Problem 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
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