You have discovered an investment opportunity that earns a 8% rate of interest compounded quarterly.Which of the following amounts is most nearly equal to the amount you should deposit today to have $7,000 in five years?
A)$5,300
B)$5,240
C)$4,760
D)$4,710

Question

Quizplus · Accepted Answer

The Answer of You have discovered an investment opportunity that earns a 8% rate of interest compounded quarterly.Which of the following amounts is most nearly equal to the amount you should deposit today to have $7,000 in five years?
A)$5,300
B)$5,240
C)$4,760
D)$4,710

You Have Discovered an Investment Opportunity That Earns a 8