Multiple Choice
Multiple compounding (PV) : Rick Rodriquez plans to invest some money today so that he will receive $7,500 in three years. If the investment he is considering will pay 3.65 percent compounded daily, how much will he have to invest today?
A) $5,276
B) $6,722
C) $6,897
D) $7,140
Correct Answer:
Verified
Correct Answer:
Verified
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