You want to have $260,000 saved 15 years from now. How much less do you have to deposit today to reach this goal if you can earn 8% rather than 7% on your savings?
A) $8,728.44
B) $12,273.13
C) $16,602.12
D) $17,414.41
E) $20,019.2

Question

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The Answer of You want to have $260,000 saved 15 years from now. How much less do you have to deposit today to reach this goal if you can earn 8% rather than 7% on your savings?
A) $8,728.44
B) $12,273.13
C) $16,602.12
D) $17,414.41
E) $20,019.2

You Want to Have $260,000 Saved 15 Years from Now