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Which comes closest to the future value of $575 to be received at the end of 7 years, if the amount earns an annual interest rate of 8% and is compounded 12 times per year? $985.45 $335.51 $329.06 $10
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1 vote
Which comes closest to the future value of $575 to be received

at the end of 7 years, if the amount earns an annual interest rate
of 8% and is compounded 12 times per year?
$985.45
$335.51
$329.06
$10

User Blackdad
by
7.8k points

1 Answer

3 votes
The answer is 329.06
User Seb Wilgosz
by
7.1k points
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