Multiple Choice
You want to have $32,000 for a down payment on a house 5 years from now.If you can earn 4.3 percent, compounded annually on your savings, how much do you need to deposit today to reach your goal?
A) $25,925.58
B) $28,179.77
C) $21,639.73
D) $21,970.21
E) $24,625.44
Correct Answer:
Verified
Correct Answer:
Verified
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