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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?
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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?

User SecureFish
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1 Answer

5 votes
$6079.58 is how much she'd have to put in now.
User Rsaw
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