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

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

1 Answer

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…

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