Use the present value formula to determine the amount to be invested now, or the present value needed.
-The desired accumulated amount is $3800 after 4 years invested in an account with 5% interest Compounded annually.
A) $3282.58
B) $673.73
C) $4618.92
D) $3126.27

Question

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The Answer of Use the present value formula to determine the amount to be invested now, or the present value needed.
-The desired accumulated amount is $3800 after 4 years invested in an account with 5% interest Compounded annually.
A) $3282.58
B) $673.73
C) $4618.92
D) $3126.27

Use the Present Value Formula to Determine the Amount to Be