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Determine the Principal That Must Be Invested at Rate R,compounded $900,000\$ 900,000

Question 4

Multiple Choice

Determine the principal that must be invested at rate r,compounded monthly,so that $900,000\$ 900,000 will be available for retirement in t years.​ r=312%,t=15r = 3 \frac { 1 } { 2 } \% , t = 15


A) $532,806.81\$ 532,806.81
B) $632,806.81\$ 632,806.81
C) $432,806.81\$ 432,806.81
D) $732,806.81\$ 732,806.81
E) $332,806.81\$ 332,806.81

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