Multiple Choice
Future value: Ning Gao is planning to buy a house in five years. She is looking to invest $25,000 today in an index managed fund that will provide her a return of 12 percent annually. How much will she have at the end of five years? (Round to the nearest dollar.)
A) $45,000
B) $39,338
C) $44,059
D) $40,000
Correct Answer:
Verified
Correct Answer:
Verified
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