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Today, Thomas deposited $120,000 in a three-year, 8% investment account that compounds quarterly. What is the maturity value of the investment account? Note: Use tables,
Today, Thomas deposited $120,000 in a three-year, 8% investment account that compounds quarterly. What is the maturity value of the investment account? Note: Use tables, Excel, or a financial calculator. Round your final answer to the nearest whole dollar. (FV of $1, PV of $1, and Multiple Choice $149,589 $151,165 $148,800 $152,189 Table 4 Present Value of an Ordinary Annuity of $1 PVA =(1(1/(1+i)n))/i Table 3 Future Value of an Ordinary Annuity of $1 FVA=((1+i)n1)/i TABLE 2 Present value of $1 Table 1 Future value of $1
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