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? $10,431.63 $9,841.16 $7,353.88

asked Sep 23, 2018 46.5k views

1 vote

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?

$10,431.63
$9,841.16
$7,353.88

by Redzo

5.7k points

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0 votes

Answer:

$9,841.16

Step-by-step explanation:

Edmentum

Eric Scrivner answered Sep 23, 2018

5.4k points

7 votes

$9,841.16 is the answer

NgLover answered Sep 29, 2018

4.8k points

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