Multiple Choice
You want to have $25,000 saved 6 years from now to buy a house.How much less do you have to deposit today to reach this goal if you can earn 5.5 percent rather than 5 percent on your savings? Today's deposit is the only deposit you will make to this savings account.
A) $524.24
B) $691.18
C) $724.60
D) $745.11
E) $819.02
Correct Answer:
Verified
Correct Answer:
Verified
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