Conhugeco is eyeing a new Plotzer which has a list

Question

Conhugeco is eyeing a new Plotzer 3,000, which has a list price of $12,000,000. How much should they set aside today if they want to make their purchase one year from now and their interest-bearing checking account pays 3% annually?

A) about $11.6 million

B) about $11.2 million

C) about $12.3 million

D) about $12.8 million

Answer

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