Multiple Choice
You want to have $40,000 for a down payment on a house 4 years from now.If you can earn 5.6 percent,compounded annually on your savings,how much do you need to deposit today to reach your goal?
A) $32,166.54
B) $34,420.73
C) $27,880.69
D) $28,211.17
E) $30,886.40
Correct Answer:
Verified
Correct Answer:
Verified
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