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ou need to have $32,500 in 11 years. You can earn an annual interest rate of 5 percent for the first 6 years, and 5.6

ou need to have $32,500 in 11 years. You can earn an annual interest rate of 5 percent for the first 6 years, and 5.6 percent for the next 5 years. How much do you have to deposit today?

rev: 01_30_2018_QC_CS-115320, 02_01_2018_QC_CS-115650

Multiple Choice

  • $19,391.76

  • $17,847.62

  • $18,468.34

  • $19,002.08

  • $18,534.44

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