How Much Must Be Invested Now at 9% Interest to Accumulate

question 90

Multiple Choice

How much must be invested now at 9% interest to accumulate to $10,000 in five years?

• A)$9,176.
• B)$6,499.
• C)$5,500.
• D)$5,960.PV = $10,000 x .64993* = $6,499 *PV of $1: n=5; i=9%

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