(Ignore income taxes in this problem.) A company wants to have $20,000 at the end of a ten-year period by investing a single sum now.How much needs to be invested in order to have the desired sum in ten years,if the money can be invested at 12%?
A) $3,254.68
B) $3,539.82
C) $6,440
D) $7,720
Correct Answer:
Verified
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