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Choose the One Alternative That Best Completes the Statement or Answers

Question 108

Multiple Choice

Choose the one alternative that best completes the statement or answers the question.
-How much money needs to be invested now to get $2000 after 4 years at 8% compounded quarterly? Express your answer to the nearest dollar.


A) $2746
B) $1848
C) $1457
D) $584

Correct Answer:

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