Multiple Choice
How much would Kristen have to deposit in the bank at the end of each of the next five years if she wishes to have $5,000 in the bank at the end of that time, assuming she will be earning 6% annual rate of return? (Round to the nearest dollar.)
A) $887
B) $943
C) $1,000
D) $1,187
Correct Answer:
Verified
Correct Answer:
Verified
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