TIME VALUE OF MONEY QUIZ

Annuity tables usually found in finance texts provide annuity interest rate factors for ordinary annuity streams. 7. If you invest $1,000 for 3 years at 7% simple interest, how much will you have at the end of the 3 years? $1,000.00 . $1,070.00 . $1,210.00 . $1,225.04 . cannot calculate with given information 8. ................
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