Multiple Choice
Solve the problem.
-You want to have a $40,000 college fund in 6 years. How much will you have to deposit now in an account with an APR of 5% and annual compounding?
A) $24,949.06
B) $31,930.99
C) $28,949.30
D) $29,848.62
Correct Answer:
Verified
Correct Answer:
Verified
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