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What is the future value invested for five years

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Reference no: EM132726378

Problem 1: What is the future value of $5000 invested for 9 years at an interest rate of 8% p.a.?

Select one:

a. $9984
b. $9995
c. $10031
d. $10051

Problem 2: What is the future value of $3000 invested for 5 years, if the interest rate is 7% p.a., compounding quarterly?

Select one:

a. $4192
b. $4254
c. $4205
d. $4244

Reference no: EM132726378

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