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MMLU-Pro / 710 / Mrs. Ash wants to set up a savings account for her daughter's education. What is…

Problem

Answer published by the source. Consult the official source to check your work against its answer.

question

Mrs. Ash wants to set up a savings account for her daughter's education. What is the amount she has to deposit annually for 17 years at a rate of 5% to yield $20,000?

category

business

options

  1. $600
  2. $773.98
  3. $800
  4. $850
  5. $925
  6. $700
  7. $650
  8. $500
  9. $750
  10. $900

src

stemez-Business

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Official source

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