Multiple Choice
Bill wants to buy a new car in three years from now. He expects that the price of a car will be $15 000 in three years. How much money should Bill put in his savings account now if a bank pays 5% interest rate on this account?
A) $11 629
B) $12 104
C) $12 958
D) $13 465
E) $14 286
Correct Answer:
Verified
Correct Answer:
Verified
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