Multiple Choice
You are saving money for the down payment on a house.If you can save $7,500 per year for the next five years at an interest rate of 8%,how much will you have saved at the end of five years?
A) $40,500
B) $37,500
C) $44,000
D) $29,945
E) $93,750
Correct Answer:
Verified
Correct Answer:
Verified
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