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Author Question: Using the Time Value of Money charts provided, answer the following question(s). (Note to ... (Read 197 times)

APUS57

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Using the Time Value of Money charts provided, answer the following question(s).


(Note to Instructors: Provide the appropriate tables to students from Personal Finance, Sixth Edition, Appendix C: Financial Tables.)





At what annual rate would $500 grow to $1,948 in 12 years? (Note—Solve as a present value problem.)


◦ 12.0 %
◦ 13.0 %
◦ 12.5 %
◦ 11.0 %


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Marked as best answer by APUS57 on Apr 12, 2019

AaaA

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APUS57

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Reply 2 on: Apr 12, 2019
Thanks for the timely response, appreciate it


cici

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Reply 3 on: Yesterday
Excellent

 

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