Solved

If an Individual Put $4,000 in a Savings Account Today

Question 34

Multiple Choice

If an individual put $4,000 in a savings account today, what amount of cash would be available two years from today?

A) $4,000 × 0.826
B) $4,000 × 0.826 × 2
C) $4,000 ÷ 0.826
D) $4,000 ÷ 0.909 × 2

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