Multiple Choice
Betty wants to accumulate $1 million by the end of 20 years by making equal annual year-end deposits over the next 20 years.Assuming Betty can earn 10 percent over this period,how much must she deposit at the end of each year?
A) $18 560
B) $22 480
C) $27 760
D) $17 460
Correct Answer:
Verified
Correct Answer:
Verified
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