Mathematics for FinanceMTP Dec 22Question 1366 of 422
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An investor is saving to pay off an obligation of $15,250$ which will due in seven years, if the investor is earning $7.5\%$ simple interest rate p.a., he must deposit to meet the obligation.

Options

A$8000$
B$9000$
C$10000$
D$11000$
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Correct Answer

Option c$10000$

All Options:

  • A$8000$
  • B$9000$
  • C$10000$
  • D$11000$

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