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Wesley invests $2,000 in an investment plan. After 6 years, he gains a total amount of $3,200 from that investment. What is the time value of money that he invested? A $200 B. $2,000 C. $5,200 D. $1,000
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Wesley invests $2,000 in an investment plan. After 6 years, he gains a total amount of $3,200 from that investment. What is the time value of

money that he invested?
A
$200
B.
$2,000
C. $5,200
D. $1,000
E. $1,200

User Hyunjin
by
6.0k points

2 Answers

4 votes

Answer:

E. $1,200

Step-by-step explanation:

User Joepferguson
by
6.3k points
4 votes

Answer:

$1,200

Step-by-step explanation:

Investment: $2.000

Total gain: $3.200

Time value:$1.200

User Aquanetta
by
4.8k points
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