How much must Ms. F save at the end of each year for 10 years...
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Finance
How much must Ms. F save at the end of each year for 10 years if her account earns a 5% average annual interest rate and she wants to have $40,000 by the time 10 years have passed? Hint: use the Basic Time Value of Money table attached to this quiz or a financial calculator. A. $3,028.75 B. $3,809.52 C. $5,180.18 D. $2,455.65 E. $3,180.18
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