An owner of a building requires ~ 15,000 to repair his building after 5 years. What sum should the owner have to invest now in order to receive the required amount of money at a rate of compound interest of 8%?

An owner of a building requires ~ 15,000 to repair his building after

1.	An owner of a building requires ~ 15,000 to repair his building after 5 years. What sum should the owner have to invest now in order to receive the required amount of money at a rate of compound interest of 8%?
A.	10,207·50
B.	10,720·50
C.	10,270·50
D.	10,072·50
Answer» B. 10,720·50

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An owner of a building requires ~ 15,000 to repair his building after 5 years. What sum should the owner have to invest now in order to receive the required amount of money at a rate of compound interest of 8%?

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