Multiple Choice
How much money do I need to place into a bank account that pays a 6% rate in order to have $500 at the end of 7 years?
A) $332.53
B) $751.82
C) $463.77
D) $629.52
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q4: When repaying an amortized loan,the interest payments
Q11: Auto Loans R Them loans you $24,000
Q13: You want $20,000 in 5 years to
Q23: An example of an annuity is the
Q52: An investment is expected to yield $300
Q99: You won the lottery and can receive
Q110: Your daughter is born today and you
Q113: You inherit $300,000 from your parents and
Q119: In order to send your first child
Q137: If the interest rate is positive,then the