Mathematics for FinanceMTP Sep 24Question 1541 of 422
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Mr. X bought an electronic item for $1000$. What would be the future value of the same item after two years, if the value is compounded semi-annually at the rate of $22\%$ per annum?

Options

A$1488.40$
B$1480.07$
C$2008.07$
D$2200.00$
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Correct Answer

Option b$1480.07$

All Options:

  • A$1488.40$
  • B$1480.07$
  • C$2008.07$
  • D$2200.00$

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