Mathematics, 11.11.2020 19:10, Jowell3858

Solve the problem. Round to the nearest cent. Mrs. Stevens wants to have $18,000 in the bank in 3 years. If she deposits $9500 today at 4% compounded quarterly for 3 years, how much additional money will she need to add after three years to her investment to make her balance $18000?
a.
$8356.79
c.
$7295.16
b.
$0
d.
$10,704.84

Please select the best answer from the choices provided

A
B
C
D

Answers: 3

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Solve the problem. Round to the nearest cent. Mrs. Stevens wants to have $18,000 in the bank in 3 y...