Mathematics

14 March, 17:00

Carmella wants to attend Bayside Community College. She'll need to have $25,000 six years from today. Carmella is wondering what she'll have to put in the bank today so that she'll have $25,000 six years from now. Her bank pays 6% compounded semiannually. Using the tables in the textbook, determine the amount Carmella needs to deposit today.

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