Multiple Choice
If you want to have $5,000 in 10 years,how much money must you put in a savings account today? (Assume that the savings account pays 4% and it is compounded daily; round to the nearest $1) .
A) $3,352
B) $3,370
C) $4,102
D) $4,207
Correct Answer:
Verified
Correct Answer:
Verified
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