Multiple Choice
Solve the problem.
-Cindy will require $18,000 in 2 years to return to college to get an MBA degree. How much money should she ask her parents for now so that, if she invests it at 11% compounded continuously, she will have
Enough for school? (Round your answer to the nearest dollar.)
A) $14,445
B) $14,609
C) $22,429
D) $11,593
Correct Answer:
Verified
Correct Answer:
Verified
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