Multiple Choice
How much must be invested now at 9% interest to accumulate to $10,000 in five years?
A) $9,176.
B) $6,499.
C) $5,500.
D) $5,960.PV = $10,000 x .64993* = $6,499 *PV of $1: n=5; i=9%
Correct Answer:
Verified
Correct Answer:
Verified
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