10
InstructionMultiple Choice

Interest

Question 10 • Financial Math A

Solve the problem. Round to the nearest cent. Mrs. Stevens wants to have $18,000 in the bank in 3 years. If she deposits $9500 today at 4% compounded quarterly for 3 years, how much additional money will she need to add after three years to her investment to make her balance $18000? a. $8356.79 c. $7295.16 b. $0 d. $10,704.84 Please select the best answer from the choices provided

Answer
A
A
B
B
C
C
D
D