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Consider the Following Timeline: If the Current Market Rate

Question 29

Multiple Choice

Consider the following timeline: Consider the following timeline: If the current market rate of interest is 7%,then the future value of this timeline as of year 3 is closest to: A) $1720 B) $1500 C) $1404 D) $1717 If the current market rate of interest is 7%,then the future value of this timeline as of year 3 is closest to:


A) $1720
B) $1500
C) $1404
D) $1717

Correct Answer:

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