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You will start putting $2500 into a savings account every year for the next 20...

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Finance

You will start putting $2500 into a savings account every year for the next 20 years. The account pays an interest rate of 5%. What is the present value of the money today?

Select one:

A. 30,000

B. 31,156

C. 25,000

D. 47,619

E. 50,000

Clear my choice

Answer & Explanation Solved by verified expert
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