Multiple Choice
You are scheduled to receive $30,000 in two years. When you receive it, you will invest it for 5 more years, at 8 percent per year. How much money will you have 7 years from now?
A) $39,909.19
B) $41,381.16
C) $44,079.84
D) $47,209.19
E) $51,414.73
Correct Answer:
Verified
Correct Answer:
Verified
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