Mathematics, 18.12.2020 07:00, wellllm

Solve the problem. Round to the nearest cent. Mrs. Matthews wants to have $18,000 in the bank in 2 years. If she deposits $9000 today at 6% compounded quarterly for 2 years, how much additional money will she need to reach the desired $18,000?
a.
$10,138.43
c.
$8864.49
b.
$7861.57
d.
$0

Answers: 3

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Solve the problem. Round to the nearest cent. Mrs. Matthews wants to have $18,000 in the bank in 2...