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Question

Multiple Choice:

1.If $1,000 was deposited today at a rate of 15%, its future value in one

year would be

A. $1,000.

B. $1,150.

C.$1,500.

D. $850.

Top Answer

B. $1,150 The future value for money is calculated as: FV= PV(1 + r/100)^t Future value = ? Present value = $1,000 R= 15% T=... View the full answer

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