Maria has $23,450.00 in the bank. She made her initial deposit 12 years ago. The annual interest rate is 5.3%, compounded semiannually. How much money was Maria's initial deposit?
A. $12,618.34
B. $43,929.65
C. $12,517.80
D. $12,414.56
How much principal must Virginia's parents invest now at 4.5% compounded biannually in order to have enough money to pay for $45,000.00 worth of tuition costs in 18 years?
A. $20,376.02
B. $41,131.52
C. $30,148.99
D. $20,199.15
How much principal must the Ramirez family invest now at 3.5% compounded biannually in order to have enough money to purchase a $20,000.00 pool in 4 years?
A. $17,408.23
B. $17,428.84
C. $11,488.82
D. $22,977.64
A. $12,618.34
B. $43,929.65
C. $12,517.80
D. $12,414.56
How much principal must Virginia's parents invest now at 4.5% compounded biannually in order to have enough money to pay for $45,000.00 worth of tuition costs in 18 years?
A. $20,376.02
B. $41,131.52
C. $30,148.99
D. $20,199.15
How much principal must the Ramirez family invest now at 3.5% compounded biannually in order to have enough money to purchase a $20,000.00 pool in 4 years?
A. $17,408.23
B. $17,428.84
C. $11,488.82
D. $22,977.64
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d
b
c
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b
c
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