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Present Value of 1 Future Value of 1

Question 3

Multiple Choice

Present Value of 1 Present Value of 1 Future Value of 1 Present Value of an Annuity of 1 Future Value of an Annuity of 1 What amount can you borrow if you make six quarterly payments of $4,000 at a 12% annual rate of interest? A) $24,838.00 B) $21,668.80 C) $31,049.00 D) $40,000.00 E) $44,800.00 Future Value of 1 Present Value of 1 Future Value of 1 Present Value of an Annuity of 1 Future Value of an Annuity of 1 What amount can you borrow if you make six quarterly payments of $4,000 at a 12% annual rate of interest? A) $24,838.00 B) $21,668.80 C) $31,049.00 D) $40,000.00 E) $44,800.00 Present Value of an Annuity of 1 Present Value of 1 Future Value of 1 Present Value of an Annuity of 1 Future Value of an Annuity of 1 What amount can you borrow if you make six quarterly payments of $4,000 at a 12% annual rate of interest? A) $24,838.00 B) $21,668.80 C) $31,049.00 D) $40,000.00 E) $44,800.00 Future Value of an Annuity of 1 Present Value of 1 Future Value of 1 Present Value of an Annuity of 1 Future Value of an Annuity of 1 What amount can you borrow if you make six quarterly payments of $4,000 at a 12% annual rate of interest? A) $24,838.00 B) $21,668.80 C) $31,049.00 D) $40,000.00 E) $44,800.00 What amount can you borrow if you make six quarterly payments of $4,000 at a 12% annual rate of interest?


A) $24,838.00
B) $21,668.80
C) $31,049.00
D) $40,000.00
E) $44,800.00

Correct Answer:

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