How much money must you pay into an account at the end of each of 20 y
How much money must you pay into an account at the end of each of 20 years in order to have
$100,000 at the end of the 20th year? Assume that the account pays 6% per year, and round to the
nearest $1.
A) $2,028 B) $1,840 C) $2,195 D) $2,718
ANSWER
D
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