Multiple Choice
Nu-Tools plans to set aside an equal amount of money each year,starting today,so that it will have $25,000 saved at the end of three years.If the firm can earn 4.7 percent,how much does it have to save annually?
A) $7,596.61
B) $7,689.16
C) $8,004.67
D) $8,414.14
E) $8,333.33
Correct Answer:
Verified
Correct Answer:
Verified
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