Multiple Choice
The amount you must deposit now in your savings account paying 6% interest, in order to accumulate $2,000 for a down payment 5 years from now on a new Vintage Convertible Mustang is
A) $400.
B) $1,494.52.
C) $1,492.44.
D) $1,400.00.
Correct Answer:
Verified
Correct Answer:
Verified
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