How much would you have to invest today in the bank at an interest rate...
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Accounting
How much would you have to invest today in the bank at an interest rate of 5% to have an annuity of $1,400 per year for 5 years, with nothing left in the bank at the end of the 5 years? Select the amount below that is closest to your answer.
$6,667
$6,061
$7,000
$1,098
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