Use the Data in Table 3

question 20

Multiple Choice

Use the data in table 3.1 to answer the following question(s) :
Table 3.1
-Refer to Table 3.1 above. How much will you need to deposit today in an account paying 7% if you wish to have $1,000 in 5 years?

• A) $1,403
• B) $713
• C) $5,751
• D) $4,100