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How Much Would You Deposit Today in a Savings Account

Question 13

Multiple Choice

How much would you deposit today in a savings account that earns 10%, in order that you can make equal annual withdrawals of $1,200 each at the end of each of the next 15 years?


A) $5,013
B) $9,127
C) $19,800
D) $18,000
E) $38,127

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