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What amount must save each year

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Reference no: EM132483042

Question 1: You want to have $20,000 saved in five years. If you can earn 4.5 percent on your savings, what amount must you save each year if the amount you save each year is the same?

Multiple Choice

  1. $4,038.01
  2. $3,798.34
  3. $3,655.83
  4. $3,775.04
  5. $3,801.03

Reference no: EM132483042

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