Posted by: Pdfprep
Post Date: February 5, 2021
A client agrees to invest S100,000 three years from now in a business project, and decides to deposit funds today in a bank account that pays 6 percent compound interest annually.
How much does the client need to deposit in order to be able invest $100,000 in three years time?
A . $82,000
B . $83,961.93
C . $119101.6
D . $83,748.43
Answer: D
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