Multiple Choice
You need $8,000 four years from now for a down payment on your future house. How much money must you deposit today if your credit union pays 5% interest compounded annually? Pick the closest answer.
A) $6,269.59
B) $6,578.95
C) $6,394.12
D) $6,189.83
Correct Answer:
Verified
Correct Answer:
Verified
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