Kate wants to have $25,000 in 16 years. How much does she need to invest if the interest rate is 6 percent per year?
A
$10,431.63
B. $9.841.16
C. $7,353.88
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Home » Mathematics » Select the correct answe future values * (1+) "present value""P" (141 Kate wants to have $25,000 in 16 years. How much does she need to invest if the interest rate is 6 percent per year? A $10,431.63 B. $9.841.16 C. $7,353.88