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(Solved): How is the future value of $500 invested for one year at 6 percent annual interest computed? Multip ...



How is the future value of $500 invested for one year at 6 percent annual interest computed? Multiple choice question. FV = $500/(1 + 0.06)1 FV = $500 + $500 × (1 + 0.06) FV = $500 × (1.06)12 FV = $500 × (1 + 0.06)1



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