Multiple Choice
Your father invested a lump sum 28 years ago at 4.05 percent annual interest. Today, he gave you the proceeds of that investment, totalling $48,613.24. How much did your father originally invest?
A) $14,929.47
B) $16,500.00
C) $15,994.70
D) $15,500.00
E) $16,099.45
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q19: According to the Rule of 72, you
Q20: Assume the average vehicle selling price in
Q21: Kurt won a lottery and will receive
Q22: Towne Station is saving money to build
Q23: Al invested $3,630 in an account that
Q25: You want to have $30,000 saved 5
Q26: The process of determining the present value
Q27: Twenty years from now, you want to
Q28: Christina invested $3,000 five years ago and
Q29: You have just received notification that you