Multiple Choice
What payment does Nick Huntley have to make monthly to a savings fund that returns 8%, compounded quarterly, if he wishes to buy out his partner when she retires in 3 years and his partner expects to receive $100,000 for her shares in their business?
A) $3,152
B) $3,349
C) $11,558
D) $11,784
E) $12,934
Correct Answer:
Verified
Correct Answer:
Verified
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