Future Value Given a 7 Percent Interest Rate,compute the Year

question 15

Multiple Choice

Future Value Given a 7 percent interest rate,compute the year 6 future value if deposits of $2,500 and $1,500 are made in years 2 and 3,respectively,and a withdrawal of $900 is made in year 4.

• A)$2,721.44
• B)$4,084.15
• C)$4,491.60
• D)$7,059.04

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