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Which is a correct formula for finding the FV of $300 invested today at 7 percent compounded for 10 periods? Multiple Choice FV = $300/[(1
Which is a correct formula for finding the FV of $300 invested today at 7 percent compounded for 10 periods?
Multiple Choice
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FV = $300/[(1 + 0.10) 7]
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FV = $300/[(1 + 0.07) 10]
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FV = $300/(0.07 10)
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FV = $300 (1 + 0.07)10
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FV = $300 (1 + 0.10)7
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