Multiple Choice
How much money must be put into a bank account yielding 6.42% (compounded annually) in order to have $1,671 at the end of 11 years (round to nearest $1) ?
A) $921
B) $886
C) $843
D) $798
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q19: If you invest $750 every six months
Q20: If you want to have $12,500 in
Q21: Which of the following investments has the
Q22: Bill wants to buy a new boat
Q23: An example of an annuity is the
Q25: In order to send your first child
Q26: A bond matures in 20 years,at which
Q27: Your grandparents deposit $2,000 each year on
Q28: You are going to pay $800 into
Q29: What is the present value of an