SOLUTION: Megan wants to buy a designer handbag and plans and plans to earn the money babysitting. Suppose the interest rate is 6% and she is willing to wait one year to purchase the bag. Ho
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Question 710626: Megan wants to buy a designer handbag and plans and plans to earn the money babysitting. Suppose the interest rate is 6% and she is willing to wait one year to purchase the bag. How much babysitting money will she need to earn today to buy the bag for $400 one year from now? Answer by stanbon(75887) (Show Source):
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