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You Are Interested in Accumulating $10,000 So That You Can

Question 75

Multiple Choice

You are interested in accumulating $10,000 so that you can take a cruise in three years.If you try to solve for the amount that you need to invest each year,earning 6% interest compounded annually,the $10,000 represents


A) the amount to invest.
B) an annuity.
C) a present value.
D) a future value.

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