Multiple Choice
If you want to have $1,700 in seven years, how much money must you put in a savings account today? Assume that the savings account pays 6% and it is compounded quarterly (round to the nearest $10) .
A) $1,120
B) $1,130
C) $1,110
D) $1,140
Correct Answer:
Verified
Correct Answer:
Verified
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