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Compute the future value in year 4 of a $500 deposit in year 1, and another $1,000 deposit at the end of year 3 using
Compute the future value in year 4 of a $500 deposit in year 1, and another $1,000 deposit at the end of year 3 using a 5 percent interest rate.
Multiple Choice
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$1,625.00
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$1,628.81
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$1,800.00
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$1,823.26
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