Compound annual interest rate

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Reference no: EM131902291

1. What is the future value 15 years from now of fifteen $785 deposits at a 7.25% compound annual interest rate?

A) $15,748.54

B) $38,472.58

C) $20,110.34

D) $26,332.67

2. What is the future value, ten years from now, of $1,000 invested today at a periodic interest rate of 1% compounded monthly?

A) $3,300.39

B) $5,400.39

C) $745.37

D) $1,100

Reference no: EM131902291

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