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Find the Future Value of $16,000 Invested for 15 Years

Question 81

Multiple Choice

Find the future value of $16,000 invested for 15 years at 9%, compounded daily. Round your answer to the nearest cent.


A) $58,279.72
B) $56,397.98
C) $61,408.69
D) $61,708.54

Correct Answer:

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