Multiple Choice
How much would Kristen have to deposit in the bank at the end of each of the next five years if she wishes to have $5,000 in the bank at the end of that time period, assuming she will be earning 6% annual rate of return? (Round to the nearest dollar) .
A) $1,000
B) $1,187
C) $943
D) $887
Correct Answer:
Verified
Correct Answer:
Verified
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