Your Goal Is to Have Two Separate Investments That Will

question 138

Multiple Choice

Your goal is to have two separate investments that will be worth $10,000 each ten years from today. Investment A will pay 6% interest. Investment B will pay 6.5% interest. You will make a one-time deposit into each account today. What is the difference between the amount you must invest today in Investment A as compared to the amount you must invest today in Investment B if you are to reach your goal in ten years?

• A) $241.92
• B) $245.45
• C) $256.69
• D) $261.08
• E) $263.47