Future Value Given a 6 Percent Interest Rate,compute the Year

question 126

Multiple Choice

Future Value Given a 6 percent interest rate,compute the year 6 future value of deposits made in years 1,2,3,and 4 of $1,200,$1,400,$1,400,and $1,500.

• A)$4,741.68
• B)$5,986.26
• C)$6,179.80
• D)$6,726.16

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Definitions:

Arbitrary Set

A collection of items or values chosen without a specific rule, pattern, or plan.

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