Multiple Choice
Theresa wants to save $10,000 so that she can surprise her husband with a vacation six years from now. She can earn 7% on her savings. How much more will she have to deposit if she waits one more year before investing versus if she deposits one lump sum today?
A) $466.44
B) $469.15
C) $470.23
D) $471.08
E) $471.54
Correct Answer:
Verified
Correct Answer:
Verified
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