Question: Testbank Multiple Choice Question 68 Given below are the future value factors for 1 at 6% for one to five periods. Interest is compounded annually
Testbank Multiple Choice Question 68 Given below are the future value factors for 1 at 6% for one to five periods. Interest is compounded annually at 6%. Periods Future Value of 1 at 6% 1 1.060 2 1.124 3 1.191 4 1.262 5 1.338 If $10200 is deposited in a savings account today, what amount will be available six years from now? $10200 x 1.060 x 1.338 $10200 x 1.124 x 3 $10200 x 1.191 x 2 $10200 x 1.060 x 6
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