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If you wish to accumulate $5,000 in 10 years, which of the following comes closest to the amount you must deposit into a savings account
If you wish to accumulate $5,000 in 10 years, which of the following comes closest to the amount you must deposit into a savings account today? Assume that the savings account pays 8% and it is compounded annually. Question 24 options: 1) $2,316 2) $3,370 3) $4,120 4) $4,207
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