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Use This Information to Answer the Following Question If $100 Is Invested, How Much Will It Grow to

Question 156

Multiple Choice

Use this information to answer the following question.  Periods  Present Value of $1 at 7 Percent  Present Value of Ordinary Annuity of $1 at 7 Percent 10.9350.93520.8731.80830.8162.624\begin{array}{|c|c|c|}\hline \text { Periods } & \text { Present Value of } \$ 1 \text { at } 7 \text { Percent } & \begin{array}{c}\text { Present Value of Ordinary Annuity of } \$ 1 \\\text { at } 7 \text { Percent }\end{array} \\\hline 1 & 0.935 & 0.935 \\\hline 2 & 0.873 & 1.808 \\\hline 3 & 0.816 & 2.624 \\\hline\end{array}
If $100 is invested, how much will it grow to at the end of the three years?


A) $100 ×\times .935 ×\times 3
B) $100 ÷ .816
C) ($100 ÷ 2.624) ×\times 3
D) $100 ×\times 2.624

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