Multiple Choice
The amount you must deposit now in your savings account paying 6% interest, in order to accumulate $20,000 for a down payment 5 years from now on a new Ferrari 458 is
A) $4,000.00.
B) $14,945.20.
C) $14,924.40.
D) $14,000.00.
Correct Answer:
Verified
Correct Answer:
Verified
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