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12 July, 15:36

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

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Answers (1)
  1. 12 July, 15:53
    0
    she needs to put $6,079.58 in the bank now
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