Solved

Use the Present Value Formula to Determine the Amount to Be

Question 67

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 $3100 after 2 years invested in an account with 5% interest Compounded quarterly.


A) $293.26
B) $3423.91
C) $2806.74
D) $2811.79

Correct Answer:

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