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The future value of $50 deposited each year for 6 years earning 7 percent would...

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Finance

The future value of $50 deposited each year for 6 years earning 7 percent would be approximately how much? Use Exhibit 1-B. Note: Round time value factors to 3 decimal places and final answer to the nearest dollar amount.

Multiple Choice

$371

$50

$428

$300

$358

Answer & Explanation Solved by verified expert
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