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Use the following data to answer the question(s) below. Future value of $1 7% Year 5 Factor 1 403 Present value of $1 7% Year
Use the following data to answer the question(s) below. Future value of $1 7% Year 5 Factor 1 403 Present value of $1 7% Year 5 Factor 0713 Future value of a $1 ordinary annuity 7% Year 5 Factor 5751 Present value of a $1 ordinary annuity Year 5 Factor 4.100 7% How much will you have if you deposit $1,000 today in an account paying 7% and you leave it on deposit for 5 years? $1,403 $713 $5751 $4100
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