Multiple Choice
Orlando must be able to take $5,000 from his savings in four years and again in seven years. His savings will earn 7.2% compounded monthly. How much must be in the account now in order to meet his needs?
A) $6,738
B) $6,050
C) $6,777
D) $7,255
E) $7,451
Correct Answer:
Verified
Correct Answer:
Verified
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