Carmella wants to attend Bayside Community College. She'll need to have $25,000 six years from today. Carmella is wondering what

Question

2 years ago

15

Carmella wants to attend Bayside Community College. She'll need to have $25,000 six years from today. Carmella is wondering what

she'll have to put in the bank today so that she'll have $25,000 six years from now. Her bank pays 6% compounded semiannually. Using the tables in the textbook, determine the amount Carmella needs to deposit today.

Mathematics

2 answers:

Sloan [31] · Answer 1 · 2023-10-09T11:34:38+03:00

Sloan [31]2 years ago

8 0

You do 25,000 divided by 6 is the answer and the remainder would be the cents.

siniylev [52] · Answer 2 · 2023-10-09T13:56:05+03:00

siniylev [52]2 years ago

4 0

The answer is $17,535

$25,000/1.4258= $17,535