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Author Question: Using the Time Value of Money charts provided, answer the following question(s). (Note to ... (Read 70 times)

kodithompson

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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.)





If Sandy has $7,000 today and invests it for five years at a 5% interest rate, how much will she have in five years?


◦ $8,750
◦ $7,850
◦ $8,932
◦ $8,857


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Marked as best answer by kodithompson on Apr 12, 2019

billybob123

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billybob123

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