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July 29, 2015

Homework Help: Math

Posted by Anonymous on Monday, November 7, 2011 at 2:49pm.

Alice requires $10,000 in two years. If the interest rate is 6% and compounded
quarterly, how much must Alice place in the account to have the required amount? (a) $ 6,274.10 (b) $ 8,877.10 (c)$ 8,573.40 (d) $ 5,000.00 (e) $ 10,000.00

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