You want to have $25,000 for a down payment on a house 6 years from now.If you can earn 6.5 percent,compounded annually,on your savings,how much do you need to deposit today to reach your goal?
A) $17,133.35
B) $17,420.73
C) $17,880.69
D) $18,211.17
E) $18,886.40
Correct Answer:
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