Multiple Choice
How much money must you pay into an account at the beginning of each of 11 years in order to have $5,000 at the end of the 11th year? Assume that the account pays 8% per year, and round to the nearest $1.
A) $700
B) $257
C) $300
D) $278
Correct Answer:
Verified
Correct Answer:
Verified
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