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68) Which column (i) and row (n) would you use from a present value or future value table for 8% interest compounded quarterly for 5
68) Which column (i) and row (n) would you use from a present value or future value table for 8% interest compounded quarterly for 5 years?
A) (i) = 2.00%, (n) = 8 B) (i) = 4%, (n) = 10
C) (i) = 2.00%, (n) = 20 D) (i) = 8%, (n) = 5
E) (i) = 4%, (n) = 20
69) How long will it take an investment of $25,000 at 6% compounded annually to accumulate to a total of $35,462.50? (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided.)
A) 6 years B) 4 years
C) 5 years D) 2 years
E) 10 years
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