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Solve the Problem. -How Much Money Should You Invest Now in Order to in Order

Question 174

Multiple Choice

Solve the problem.
-How much money should you invest now in order to have $80,000 in 21 years? Assume that the Money earns interest at 2.6%, compounded annually?


A) $40,000.00
B) $27,220.80
C) $46,665.44
D) $9262.15

Correct Answer:

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