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How Much Must Be Deposited at the Beginning of Each

Question 97

Multiple Choice

How much must be deposited at the beginning of each year in order to accumulate to $10,000 in four years if interest is at 9%?


A) $1,671.
B) $2,570.
C) $2,358.
D) $2,006.$10,000 4.9847* = $2,006 *FVAD of $1: n=4; i=9%

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