The future value of $7,000 deposited today and compounded semiannually at an 9% annual interest rate for four years is a.$9,955. b.$9,520. c.$8,100. d.$7,920

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
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Chapter5: The Time Value Of Money
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The future value of $7,000 deposited today and compounded semiannually at an 9% annual interest rate for four years is

a.$9,955.

b.$9,520.


c.$8,100.

d.$7,920

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