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Kate wants to have $25,000 in 16 years. How much does she need to invest if the interest rate is 6 percent per year? A.) $10,431.63 B.) $9,841.16 C.) $7,353.88
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5 votes
Kate wants to have $25,000 in 16 years. How much does she need to invest if the interest rate is 6 percent per year?

A.) $10,431.63
B.) $9,841.16
C.) $7,353.88

User Matthaus Woolard
by
7.7k points

2 Answers

6 votes
I'm guessing that its c
User Rahul Jangra
by
8.5k points
6 votes

Answer:

its b

im on plato and got it right

User AbdulMueed
by
8.5k points
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