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Financial Math - MA2007 CR
Compound Interest
Question 3
3
Quiz
Multiple Choice
Compound Interest
Question 3 of 23 • Financial Math - MA2007 CR
How much money would need to be deposited into an account earning 5.75% interest compounded annually in order for the accumulated value at the end of 25 years to be $85,000?a.$75,425.52b.$59,130.43c.$21,009.20d.$20,258.70
Answer
A
A
B
B
C
C
D
D
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Compound Interest - Question 3 | Financial Math - MA2007 CR | Revolt