What Amount of Cash Would Result at the End of One

question 77

Multiple Choice

What amount of cash would result at the end of one year,if $15,000 is invested today and the rate of return is 8%? (PV of $1 and PVA of $1) (Use appropriate factor(s) from the tables provided.)

• A) $16,200
• B) $13,889
• C) $15,000
• D) $1,200

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