Multiple Choice
Use the present value formula to determine the amount to be invested now, or the present value needed.
-The desired accumulated amount is $20,800 after 15 years invested in an account with 5% interest Compounded annually.
A) $10,505.41
B) $43,241.71
C) $10,005.16
D) $10,794.84
Correct Answer:
Verified
Correct Answer:
Verified
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