The future value of $500 deposited into an account paying 8% annually for three - 3758

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  • Posted on: Mon 26 Mar, 2012
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Request Description

The future value of $500 deposited into an account paying 8% annually for three years is:

a.           $500.

b.           $630.

c.           $700.

d.           $620.

Solution Description

The future value of $500 deposited into an account paying 8% annually for three years is: