You Want to Have $55,230 at the End of Seven

question 99

Multiple Choice

You want to have $55,230 at the end of seven years.How much do you have to invest today to accumulate that total if you can earn 14% compounded annually?

• A) $22,071.97
• B) $19,361.38
• C) $20,763.00
• D) $22,092.00
• E) $22,074.34