Multiple Choice
Marshall, Inc. wishes to accumulate $600,000 to be used to pay off a balloon note at the end of 4 years. How much will Marshall invest today to accumulate the desired amount if the investment earns an annual rate of 12% compounded quarterly? (Select the closest amount)
A) $352,000
B) $ 65,248
C) $254,208
D) $373,800
Correct Answer:
Verified
Correct Answer:
Verified
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