You need to have $20,000 for a down payment on a house 4 in years. If you can earn an annual interest rate of 3.8 percent, how much will you have to deposit today? Multiple Choice $16,597.52 $15,404.53 $17,228.23 $16,707.18 $16,900.24

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You need to have $20,000 for a down payment on a house 4 in years. If you can earn an annual interest rate of 3.8 percent, how much will you have to
deposit today?
Multiple Choice
$16,597.52
$15,404.53
$17,228.23
$16,707.18
$16,900.24
Transcribed Image Text:You need to have $20,000 for a down payment on a house 4 in years. If you can earn an annual interest rate of 3.8 percent, how much will you have to deposit today? Multiple Choice $16,597.52 $15,404.53 $17,228.23 $16,707.18 $16,900.24
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