You Know You Will Need $25,000 at the End of 5

question 125

Multiple Choice

You know you will need $25,000 at the end of 5 years. How much would you have to deposit annually, starting at the end of the first year, into an account earning 10% to accumulate the needed amount?

• A)$3,980
• B)$4,095
• C)$4,435
• D)$4,973
• E)$5,886

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