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OpenStudy (anonymous):
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?
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OpenStudy (anonymous):
Hint:total amount she will receive(A)=principle(p)+Interest(I) Interest(I)=principle(p)*time(t)*rate(r)/100 use these two equations to get the answer ..can you do this now??
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