Solved

The Amount You Must Deposit Now in Your Savings Account

Question 233

Multiple Choice

The amount you must deposit now in your savings account paying 5% interest, in order to accumulate $18,000 for your first tuition payment when you start law school in 3 years is


A) $15,300.00.
B) $14,094.00.
C) $15,549.12.
D) $15,947.28.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions