Xiao Xin is planning to accumulate $40,000 by the end of 5 years by making 5 equal annual deposits
If she plans to make her first deposit today and can earn an annual compound rate of 9 percent on her investment, how much must each deposit be in order to accumulate the $40,000?
A) $ 6,132
B) $ 6,684
C) $23,844
D) $ 9,434
B
Business
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What will be an ideal response?
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Qantas, the Australian national airline carrier, introduces flights to the Middle East. This is an example of ________
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