If the current rate of interest is 7%, then the future value (FV) of an investment that pays $1200 per year and lasts 18 years is closest to ________
A) $24,479
B) $40,799
C) $48,959
D) $57,119
Answer: B
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A. $40,500 B. $200,000 C. $111,111 D. $90,000
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Answer the following statement true (T) or false (F)
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Answer the following statement true (T) or false (F)
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