How much money must you pay into an account at the beginning of each o
How much money must you pay into an account at the beginning of each of 20 years in order to
have $10,000 at the end of the 20th year? Assume that the account pays 12% per year, and round to
the nearest $1.
A) $111 B) $139 C) $1,195 D) $124
ANSWER
D
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