SOLUTION: Inez wants to have $15,000 in 2 years. Use the present value formula to calculate how much Inez should invest now at 6% interest, compounded quarterly in order to reach her goal.

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Question 977775: Inez wants to have $15,000 in 2 years. Use the present value formula to calculate how much Inez should invest now at 6% interest, compounded quarterly in order to reach her goal.
a. $13,315.65
b. $13,349.95
c. $11,877.98
d. $12,231.90
Answer by richwmiller(17219) About Me  (Show Source):