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The future value of $200 today earning 5% annual interest for 4 years is: (a) $220 (b) $243 (c) $250 (d) $260

The future value of $200 today earning 5% annual interest for 4 years is: (a) $220 (b) $243 (c) $250 (d) $260

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Please answer the general accounting question

The future value of $200 today earning 5% annual interest for 4 years is: (a) $220 (b) $243 (c) $250 (d) $260
Transcribed Image Text:The future value of $200 today earning 5% annual interest for 4 years is: (a) $220 (b) $243 (c) $250 (d) $260
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