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Assume that you are depositing RM500 today in a savings account that pay 6% interest per year for 7 years. The term _____ value refers

Assume that you are depositing RM500 today in a savings account that pay 6% interest per year for 7 years. The term _____ value refers to the total value of the deposit after 7 years.

Select one:

a. principal

b. compound

c. future

d. present

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