Multiple Choice
Your older sister deposited $2,500 today at 6.5 percent interest for 15 years. However, you can only earn 6.25 percent interest. How much more money must you deposit today than your sister did if you are to have the same amount saved at the end of the 15 years?
A) $92.19
B) $89.70
C) $88.78
D) $90.21
E) $93.39
Correct Answer:
Verified
Correct Answer:
Verified
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