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The Future Value of $50 at the end of 3 years at 5% interest can be expressed as: $57.88 $50 x 1.05 x 1.05 x
The Future Value of $50 at the end of 3 years at 5% interest can be expressed as:
| $57.88 | ||
| $50 x 1.05 x 1.05 x 1.05 | ||
| FV3 = $50 x (1.05)3 | ||
| Any of the above |
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