Multiple Choice
This morning,TL Trucking invested $75,000 to help fund a company expansion project planned for 4 years from now.How much additional money will the firm have 4 years from now if it can earn 5 percent rather than 4 percent on its savings?
A) $2,940.09
B) $3,423.58
C) $4,008.17
D) $4,219.68
E) $4,711.08
Correct Answer:
Verified
Correct Answer:
Verified
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