You need to have $34,750 in 11 years. You can earn an annual interest rate of 6 percent for the first 3 years, 6.6 perce

Business, Finance, Economics, Accounting, Operations Management, Computer Science, Electrical Engineering, Mechanical Engineering, Civil Engineering, Chemical Engineering, Algebra, Precalculus, Statistics and Probabilty, Advanced Math, Physics, Chemistry, Biology, Nursing, Psychology, Certifications, Tests, Prep, and more.
Post Reply
answerhappygod
Site Admin
Posts: 899603
Joined: Mon Aug 02, 2021 8:13 am

You need to have $34,750 in 11 years. You can earn an annual interest rate of 6 percent for the first 3 years, 6.6 perce

Post by answerhappygod »

You need to have $34,750 in 11 years. You can earn an annual interest rate of 6 percent for the first 3 years, 6.6 percent for the next 2 years, and 7.3 percent for the final 6 years. How much do you have to deposit today? Multiple Choice $18,305.87 $16,823.81 $17,403.74 $13,655.22 $16,546.42
Join a community of subject matter experts. Register for FREE to view solutions, replies, and use search function. Request answer by replying!
Top
Post Reply

Return to “Archived Questions & Answers”