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MrsBertucci Wants to Give Her New Granddaughter $40,000 on Her

Question 3

Multiple Choice

Mrs.Bertucci wants to give her new granddaughter $40,000 on her 21st birthday.If she can invest the money at 4%, the amount she needs to set aside when her granddaughter is born is closest to:


A) $6,400.
B) $17,553.
C) $17,355.
D) $18,255.

Correct Answer:

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