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

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 46.6k 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

asked
User Redzo
by
7.9k points

2 Answers

0 votes

Answer:

$9,841.16

Step-by-step explanation:

Edmentum

answered
User Eric Scrivner
by
8.0k points
7 votes
$9,841.16 is the answer
answered
User NgLover
by
7.3k points
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