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Present and future value tables of $1 at 9% are presented below. | PV of $1 PV of $1 PVA of $1 FVAD of $1
Present and future value tables of $1 at 9% are presented below. | PV of $1 PV of $1 PVA of $1 FVAD of $1 PVA of $1 0.91743 1.09000 0.91743 1.0900 1.0000 0.84168 1.18810 1.75911 2.2781 2.0900 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 0.59627 1.67710 4.48592 8.2004 7.5233 Ajax Company purchased a five-year certificate of deposit for its building fund in the amount of $230,000. How much should the certificate of deposit be worth at the end of five years If interest is compounded at an annual rate of 9%? Multiple Choice $894,620 $893,361
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