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You Have a Target of Having $ 5,000 at the End

Question 111

Multiple Choice

You have a target of having $ 5,000 at the end of 5 years. If interest rate is at 3% how much would you need to invest today?

A) $ 4,313.04
B) $ 4,854.36
C) $ 4,442.45
D) Additional information is required to complete the calculation.

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