At an Annual Interest Rate of 8% Compounded Annually,$5,300 Will $\bold{\text{(Use appropriate factor(s)from the tables provided.)}}$

question 1

True/False

At an annual interest rate of 8% compounded annually,$5,300 will accumulate to a total of $7,210.65 in 5 years.(PV of $1,FV of $1,PVA of $1,and FVA of $1) $\bold{\text{(Use appropriate factor(s)from the tables provided.)}}$

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