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 $26,000 after 11 years invested in an account with 3% interest Compounded semiannually
A) $7262.12
B) $18,782.95
C) $36,076.66
D) $18,737.88
Correct Answer:
Verified
Correct Answer:
Verified
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