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jeka57 [31]
3 years ago
12

Mia kaminsky wants to attend riverside community college. she'll need to have $25,000 six years from today. mia is wondering wha

t she'll have to put in the bank today so that she'll have $25,000 six years from now. her bank pays 5% compounded semiannually. using the tables in the business math handbook that accompanies the course textbook, determine the amount mia needs to deposit today.

Business
2 answers:
VMariaS [17]3 years ago
7 0

Mia needs to deposit

$18,588.90


Sunny_sXe [5.5K]3 years ago
7 0

Answer:

Please see attachment

Explanation:

Please see attachment

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During _____ processes for a new project, the organization recognizes that a new project exists, and completes a project charter
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5 0
3 years ago
If he earns 5 percent on his money, how much must he deposit at the start of his studies to be able to withdraw $9,000 a year fo
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Answer:

He must deposit $24,509.23 at the start of his studies.

Explanation:

The amount to be deposited, PV is calculated as follows :

r = 5

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Fv = $ 0

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Using a Financial Calculator, the amount to be deposited, PV is $24,509.23.

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Answer:

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