CFP Singapore Practice Questions - CFP Certification Examination (FPAS, Singapore) Exam

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A client invests SGD 10,000 today at an annual effective rate of 6%, compounded annually. What is the future value at the end of 3 years (nearest dollar)?

SGD 11,800 SGD 11,236 SGD 12,000 SGD 11,910

Correct Answer:

SGD 11,910

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