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Rita promises to give her 12–year–old daughter $12,000 when she turns 18. How much does she need to put in the bank now if the interest rate is 12 percent per year?

$6,079.58



$5,248.19



$6,502.12

User Eqzx
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1 Answer

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she needs to put $6,079.58 in the bank now
User Verisimilidude
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