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You Would Like to Have $50,000 Saved at the End

Question 39

Multiple Choice

You would like to have $50,000 saved at the end of Year 5.At the end of Year 2,you can deposit $7,500 for this purpose.If you earn 4.5 percent,how much must you deposit today to reach your goal assuming no other deposits are made?


A) $33,254.58
B) $33,108.09
C) $34,276.34
D) $34,642.28
E) $34,912.63

Correct Answer:

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