What amount of cash would result at the end of one year, if $22,000 is invested today and the rate of return is 9%? (PV of $1and PVA of $1) (Use appropriate factor(s) from the tables provided. Round your answer to the nearest dollar.)
A) $23,980
B) $22,000
C) $23,760
D) $20,020
Correct Answer:
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