Multiple Choice
Joyce Thomas wants to buy a house in six years. She hopes to have $25,000 at that time. If the bank CD she wants to invest in will pay 7.5 percent annually, how much will she have to invest today? (Round to the nearest dollar.)
A) $18,472
B) $13,987
C) $16,199
D) $23,256
Correct Answer:
Verified
Correct Answer:
Verified
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