How much would Kristen have to deposit in the bank at the end of each of the next five years if she wishes to have $5,000 in the bank at the end of that time period,assuming she will be earning 6% annual rate of return? (Round to the nearest dollar).
A)$887
B)$943
C)$1,000
D)$1,187

Question

Quizplus · Accepted Answer

The correct answer is A because $887 is the closest to the correct answer of $886.67.

How Much Would Kristen Have to Deposit in the Bank