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Present and future value tables of $1 at 9% are presented below. PV of $1 FV of $1 PVA of $1 FVAD of $1
Present and future value tables of $1 at 9% are presented below. PV of $1 FV of $1 PVA of $1 FVAD of $1 FVA of $1 123 0.91743 1.09000 0.91743 0.84168 1.18810 1.75911 4 6 0.77218 1.29503 2.53129 0.70843 1.41158 3.23972 5 0.64993 1.53862 3.88965 8.59627 1.67710 4.48592 6.5233 8.2004 1.0900 2.2781 3.5731 3.2781 4.9847 4.5731 5.9847 7.5233 1.0000 2.0900 Ajax Company purchased a five-year certificate of deposit for its building fund in the amount of $220,000. How much should the certificate of deposit be worth of the end of five years if Interest is compounded at an annual rate of 9%? Multiple Choice $855,723
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