You wish to deposit an amount now that will accumulate to $200,000 in 25 years. How much more would you have to deposit if the rate of interest was 6.5% compounded annually versus quarterly? Multiple...



You wish to deposit an amount now that will accumulate to $200,000 in 25 years. How much more would you have to deposit if the rate of interest was 6.5% compounded annually versus quarterly?




Multiple Choice




  • $1,327.49





  • $1,427.49





  • $1,627.49





  • $1,227.49





  • $1,527.49



Show all calculation and formulas if necessary





Jun 04, 2022
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