Multiple Choice
Michelle is saving for a new car.She wants to have $25,000 in her account in 3 years.If her account pays 11% interest,how much money will she need to put in her account now,to ensure that she has $25,000 in 3 years?
A) $18,280
B) $25,000
C) $20,000
D) $18,060
E) $18,000
Correct Answer:
Verified
Correct Answer:
Verified
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