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You Want to Have $55,230 at the End of Seven

Question 99

Multiple Choice

You want to have $55,230 at the end of seven years.How much do you have to invest today to accumulate that total if you can earn 14% compounded annually?


A) $22,071.97
B) $19,361.38
C) $20,763.00
D) $22,092.00
E) $22,074.34

Correct Answer:

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