Multiple Choice
Your goal is to have two separate investments that will be worth $10,000 each ten years from today. Investment A will pay 6% interest. Investment B will pay 6.5% interest. You will make a one-time
Deposit into each account today. What is the difference between the amount you must invest today
In Investment A as compared to the amount you must invest today in Investment B if you are to
Reach your goal in ten years?
A) $241.92
B) $245.45
C) $256.69
D) $261.08
E) $263.47
Correct Answer:
Verified
Correct Answer:
Verified
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