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Bella Requires $160,000 in Four Years to Purchase a New

Question 102

Multiple Choice

Bella requires $160,000 in four years to purchase a new home. What amount must be invested today in an investment that earns 6% interest, compounded annually?


A) $126,734.
B) $131,632.
C) $193,783.
D) $201,996.

Correct Answer:

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