Mathematics for FinancePYQ Dec 21Question 1229 of 422
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A company needs money to $10,000$ in five years to replace as equipment. How much (in $) should be invested now at an interest rate of $8\%$ p.a. is order to provide for this equipment?

Options

A$6,000$
B$6,805$
C$10,000$
D$11,000$
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Correct Answer

Option d$11,000$

All Options:

  • A$6,000$
  • B$6,805$
  • C$10,000$
  • D$11,000$

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