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FVOA=C. This question was created from 05.02 Investment Future Value

This question was created from 05.02 Investment Future Value


Cameron is planning to invest $2000 in an account earning 3.15% compounded quarterly for 5 years. He used the formula pictured. What is the future value of the account in 5 years?


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i=3.15/(4*100)=0.007875 and nt=5*4=20 as its... View the full answer

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The future value of the... View the full answer

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