If the Current Rate of Interest Is 8%,then the Future

question 6

Multiple Choice

If the current rate of interest is 8%,then the future value (FV) of an investment that pays $1000 per year and lasts 20 years is closest to:

• A)$18,519
• B)$45,762
• C)$9,818
• D)$20,000
• E)$10,016

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