Inez wants to have $14,750 in 4 years. Use the present value formula to calculate how much Inez should invest now at 8% interest, compounded quarterly in order to reach her goal. A. $10,030.00B. $10,722.08 C. $10,744.58D. $10,841.69
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Inez wants to have $14,750 in 4 years. Use the present value formula to calculate how much Inez should invest now at 8% interest, compounded quarterly in order to reach her goal.
A. $10,030.00
B. $10,722.08
C. $10,744.58
D. $10,841.69
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- Inez wants to have $16,250 in 4 years. Use the present value formula to calculate how much Inez should invest now at 8% interest, compounded quarterly in order to reach her goal. O $11,050.00 O $11,812.46 O $11,837.24 O $11,944.24Lily has an account that pays 3.48% simple interest per year and wants to accumulate $4,000 in interest from it over the next 12 years. How much money should Lily invest in this account to meet her goal? (Use I = Prt) a. $2,000.00 b. $1.670,40 $9.578.54 d. $6,030.27How much money does Suzie need to have in her retirement savings account today if she wishes to withdraw $25,000 a year for 3 years? She expects to earn an average rate of return of 13 percent. A. $59,028.81 OB. $65,419.81 OC. $71,533.33 OD. $85,160.98 E. $87,391.34
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