You want to set aside a lump sum amount today in a savings account tha – McqOptions

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1.	You want to set aside a lump sum amount today in a savings account that earns 7% annual interest to meet a future expense in the amount of $10,000 to be incurred in 6 years. How much do you need to deposit today?
A.	5000
B.	6663
C.	8000
Answer» C. 8000

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