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In seven years, Gary will need $50,000 to pay his son's college tuition. If the interest rate is 10 percent, how much should he invest today? A.) $45,264.35 B.) $31,046.07 …

In seven years, Gary will need $50,000 to pay his son's college tuition. If the interest rate is 10 percent, how much should he invest today? A.) $45,264.35 B.) $31,046.07 …
asked 121k views
4 votes
In seven years, Gary will need $50,000 to pay his son's college tuition. If the interest rate is 10 percent, how much should he invest today?

A.) $45,264.35
B.) $31,046.07
C.) $25,657.90

asked
User Libathos
by
8.5k points

2 Answers

3 votes

Answer:

$25,657.90

Explanation:

Edmentum

answered
User Ramon De Klein
by
8.4k points
0 votes
I'd say C, but not to sure...
answered
User Tomeika
by
7.7k points
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