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Business, 17.01.2020 19:31 ash062701

Use the following information to answer the next three questions.

periods future value of $1 at 12 percent future value of ordinary annuity of $1 at 12 percent present value of $1 at 12 percent present value of ordinary of $1 at 12 percent 1 1.120 1.000 0.893 0.893 2 1.254 2.120 0.797 1.690 3 1.405 3.374 0.712 2.402 46.

a single deposit of $800 made at the beginning period 1 would grow to how much at the end of three years, assuming a 12 percent interest rate?

a. $1,254.
b. $ 896.
c. $1,124.
d. $2,699

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Answers: 3

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