33
(Choose 1 answer)
A. $6,432
(20597) Multiple compounding (PV): Joan Alexander wants to go on a cruise in three years. She could earn 8.2 percent compounded monthly in an account if she were to deposit the money today. She needs to have $10,000 in three years. How much will she have to deposit today? (Round to the nearest dollar.)
B. $7,826
C. $8.148
D. $7.763
