Multiple Choice
Future Value Compute the future value in year 4 of a $500 deposit in year 1 and another $1,000 deposit at the end of year 3 using a 5 percent interest rate.
A) $1,625.00
B) $1,628.81
C) $1,800.00
D) $1,823.26
Correct Answer:
Verified
Correct Answer:
Verified
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