Multiple Choice
Sharon wishes to have $30,000 in 4 years' time. If she deposits a lump sum of $3,500 now, then what monthly deposits need to be made if interest is at 2.7% compounded annually?
A) $495.16
B) $505.45
C) $515.99
D) $520.67
E) $565.20
Correct Answer:
Verified
Correct Answer:
Verified
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