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Twelve Years from Now, You Will Be Inheriting $60,000 What

Question 25

Multiple Choice

Twelve years from now, you will be inheriting $60,000 What is this inheritance worth to you today if you can earn 6.0 percent interest, compounded annually?


A) $29,818.16
B) $29,945,94
C) $58,419.0550,112.92
D) $61,798.4750,100.00
E) $53,003.15

Correct Answer:

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