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Approximately How Much Must Tiffany Invest Today to Accumulate $10,000

Question 23

Multiple Choice

Approximately how much must Tiffany invest today to accumulate $10,000 in ten years if she can earn 10% compounded annually? (Round to the nearest whole dollar)


A) $4,225
B) $3,753
C) $5,349
D) $3,855
E) $2,973

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