If your parents invested $1000 (single deposit) in stocks when you were born in 1994 at a simple interest rate of 6%, how much would you have to use for college in 2012? Round your answer to two decimal places.

If your parents invested $1000 (single deposit) in stocks when you were born in 1994 at a simple interest rate of 6%, how much would you have to use for college in 2012? Round your answer to two decimal places.

Algebra and Trigonometry (6th Edition)

6th Edition

ISBN:9780134463216

Author:Robert F. Blitzer

Publisher:Robert F. Blitzer

ChapterP: Prerequisites: Fundamental Concepts Of Algebra

Section: Chapter Questions

Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...

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