Question: Using the formula for future value, determine the future value of an account, one period from now, if the present value of an account is

Using the formula for future value, determine the future value of an account, one period from now, if the present value of an account is $607.54, the rate of return is 7.5%, and no other withdrawals or deposits are going to be made over the period. a. $653.11 b. $45.57 c. None of the answers shown here. d. $7.54 e. $1,063.20

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