Multiple Choice
How much money must be invested today in order to have $25,000 at the end of four years if the rate of return is 12% compounded annually?
A) $15,900.
B) $17,100.
C) $19,900.
D) $22,300.
E) None of the other answers are correct.
Correct Answer:
Verified
Correct Answer:
Verified
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