If the interest rate is 10 percent, then the future value in 2 years of $100 today
Question:
If the interest rate is 10 percent, then the future value in 2 years of $100 today is
a. $80.
b. $83.
c. $120.
d. $121.
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The correct answer is d 121 Heres why Future Value FV This represents the worth of an initial invest...View the full answer
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