How much will $21,000 grow to in six years, assuming an interest rate of 8%...
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Accounting
How much will $21,000 grow to in six years, assuming an interest rate of 8% compounded annually?
Note: Use tables, Excel, or a financial calculator. Round your final answer to the nearest whole dollar. (FV of $1, PV of $1, FVA of $1, and PVA of $1).
A) $34,234
B) $54,324
C) $33,324
D) $31,080
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