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krok68 [10]
3 years ago
15

Jacob is saving up for a down payment on a car. He plans to invest $2,000 at the end of every year for 5 years. If the interest

rate on the account is 2.25% compounded annually, what is the present value of the investment? a. $5,666.58 b. $10,461.24 c. $9,358.91 d. $37,731.88
Business
2 answers:
Damm [24]3 years ago
7 0

The answer would have to be B

Mrac [35]3 years ago
6 0

Answer: $9,358.91

Explanation:

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