18
QuizMultiple Choice

Topic Test

Question 18 • Financial Math - MA2007

Approximately how much principal would need to be placed into an account earning 3.575% interest compounded quarterly so that it has an accumulated value of $68,000 at the end of 30 years?a.$23,706b.$23,377c.$52,069d.$58,944

Answer
A
A
B
B
C
C
D
D
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