Multiple Choice
Approximately how much money would you need to place in a savings account today to accumulate $5,000 five years from now if the savings account pays an interest rate of 3.5 percent per year?
A) $4,210
B) $4,831
C) $5,937
D) $3,411
E) $3,887
Correct Answer:
Verified
Correct Answer:
Verified
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