Assuming an Interest Rate of 5%, If You Invest a Lump

question 82

Multiple Choice

Assuming an interest rate of 5%, if you invest a lump sum of $6000 now, the balance of your investment in 7 years will be closest to: Future Value of $1
Future Value of Annuity of $1

• A)$42,000.
• B)$9774.
• C)$34,716.
• D)$8442.

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