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Present and future value tables of $1 at 9% are presented below 1 2 3 4 5 6 PV of $1 FV of $1 PVA

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Present and future value tables of $1 at 9% are presented below 1 2 3 4 5 6 PV of $1 FV of $1 PVA of $1 FVAD of $1 FVA of $1 0.91743 1.09000 0.91743 1.0980 1.0000 0.84168 1.18810 1.75911 2.2781 2.0980 0.77218 1.29503 2.53129 3.5731 3.2781 0.70843 1.41158 3.23972 4.9847 4.5731 0.64993 1.53862 3.88965 6.5233 5.9847 8.59627 1.67710 4.48592 8.2004 7.5233 Ajax Company purchased a four year certificate of deposit for its building fund in the amount of $240,000. How much should the cortinate of deposit be worth at the end of four years of interest is compounded at an annual rate of 9%

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