Multiple Choice
Solve the problem.
-Suppose that you want to have a $160,085 retirement fund after 42 years. How much will you need to deposit now if you can obtain an APR of 3%, compounded daily? Assume that no additional
Deposits are to be made to the account.
A) $66,842.52
B) $45,408.79
C) $155,353.78
D) $45,332.86
Correct Answer:
Verified
Correct Answer:
Verified
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