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You Want to Have $10,000 Saved Ten Years from Now

Question 69

Multiple Choice

You want to have $10,000 saved ten years from now. How much less do you have to deposit today to reach this goal if you can earn 6% rather than 5% on your savings?


A) $555.18
B) $609.81
C) $615.48
D) $928.73
E) $1,046.22

Correct Answer:

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