Multiple Choice
You know you will need $25,000 at the end of 5 years. How much would you have to deposit annually, starting at the end of the first year, into an account earning 10% to accumulate the needed amount?
A) $3,980
B) $4,095
C) $4,435
D) $4,973
E) $5,886
Correct Answer:
Verified
Correct Answer:
Verified
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