Solved

Determine the Amount of Money, to the Nearest Dollar, You

Question 51

Multiple Choice

Determine the amount of money, to the nearest dollar, you must invest now at 5% per year compounded annually, so that you will be a millionaire in 50 years.


A) $78,440
B) $82,512
C) $81,803
D) $87,204
E) $83,677

Correct Answer:

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