Solved

What Amount Should Be Deposited in a Bank Today to Grow

Question 15

Multiple Choice

What amount should be deposited in a bank today to grow to $3,000 three years from today?

A) $3,000 ÷ 0.751
B) $3,000 × 0.909 × 3
C) ($3,000 × 0.909) + ($3,000 × 0.826) + ($3,000 × 0.751)
D) $3,000 × 0.751

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