A company has $53,000 today to invest in a fund that will earn 4% compounded...
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Finance
A company has $53,000 today to invest in a fund that will earn 4% compounded annually. How much will the fund contain at the end of 6 years? (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided.)
Multiple Choice
a.$55,120
b. $72,107
c. $65,720Incorrect
d. $66,913
e. $67,061
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