You need $32,000 at the end of 6 years. If you can earn 0.625% per month, how much would you need to invest today to meet your objective?

A) $17,600
B) $18,319
C) $20,735
D) $20,433


Answer: D
Explanation: D) PV = = = $20,432.70
MODE = END
INPUT 72 .625 ? 0 -32,000
KEY N I/Y PV MT FV
CPT 20,432.70

Business

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