garay6037 garay6037

12-03-2024
Business

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Given an 8% interest rate, compute the year 7 future value if deposits of $1,500 and $2,500 are made in years 2 and 3, respectively, and a withdrawal of $2,000 is made in year 5.
A) $1,909.42
B) $3.272.41
C) $5.656.34
D) $3,433.60

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