Question: Your aunt places $ 1 3 , 0 0 0 into an account earning an interest rate of 7 % per year. After five years
Your aunt places $ into an account earning an interest rate of per year. After five years the account will be valued at $ Which of the following statements is correct?
Question options:
a
The present value is $ the time period is years, the present value is $ and the interest rate is
b
The future value is $ the time period is years, the principal is $ and the interest rate is
c
The principal is $ the time period is years, the future value is $ and the interest rate is
d
The principal is $ the time period is years, the future value is $ and the interest rate is
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