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QUESTION 23 Assume that you have $10,500 to invest today. You plan to invest the money for 10 years earning interest at 8% per year,
QUESTION 23
Assume that you have $10,500 to invest today. You plan to invest the money for 10 years earning interest at 8% per year, compounded quarterly. What is the future value (FV) of your investment?
| A. | $22,668.71 | |
| B. | $23,006.79 | |
| C. | $23,184.42 | |
| D. | $21,000.00 | |
| E. | none of the above |
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Money Banking And Financial Markets
Authors: Stephen G. Cecchetti
1st Edition
0072452692, 9780072452693
