Particulars | 3 years | 5 years | Total |
Receipt | $ 400.50 | $ 600.08 | |
Years to maturity | 7 | 5 | |
Rate of interest | 5% | 5% | |
× future value factor | 1.40710 | 1.27628 | |
Future value | $ 563.54 | $ 765.87 | $ 1,329.41 |
Answer is $1,329.41
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