Multiple Choice
Kristen's grandmother promises to give her $1,000 at the end of each of the next five years. How much is the money worth today, assuming Kristen could invest the money and earn a 6% annual rate of return? (Round to the nearest dollar) .
A) $747
B) $1,338
C) $4,212
D) $5,637
Correct Answer:
Verified
Correct Answer:
Verified
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