Find the Least Amount That Could Be Deposited in a Bank

question 292

Multiple Choice

Find the least amount that could be deposited in a bank account today at 12% compounded quarterly to allow $650 withdrawals at the end of each quarter for 10 years.

• A) $15,024.60
• B) $15,218.06
• C) $28,308.73
• D) $14,825.34

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