Questions
Questions

MSB-250-300-002 Topic 5 Quiz

Single choice

You want $15,000 15 years from now. If you can earn 8% per year in your savings account, how much do you have to deposit in today?

Options
A.$4,729
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Step-by-Step Analysis
Question restatement: You want $15,000 15 years from now. If you can earn 8% per year in your savings account, how much do you have to deposit today? Option available: "$4,729" Step-by-step reasoning: - First, recognize this is a present value problem. You want the value today that, when invested at 8% annu......Login to view full explanation

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