Multiple Choice
Sara wants to have $600,000 in her savings account when she retires. How much must she put in the account now, if the account pays a fixed interest rate of 8%, to ensure that she has $600,000 in 20 years?
A) $128,729
B) $180,221
C) $231,712
D) $139,541
Correct Answer:
Verified
Correct Answer:
Verified
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