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Miranda wants to give her 14-year-old daughter $20,000 when she turns 18. How much does she need to put in the bank now if the interest rate is 10 percent per year? A:$12,418.43 B:$13,660.27 C:$15,026.30

Verified Answer :

slevo

\(x\) × 1.1 × 1.1 × 1.1 × 1.1 = 20,000

\(x\) × 1.4641 = 20,000

\(x= \frac{20,000}{1.4641}\)

\(x = $13660.27\)

winter0311

Answer:

b

Step-by-step explanation:

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