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Solve the Problem $3500\$ 3500 Is Due When the Spring Term Begins, in 2 Months

Question 33

Multiple Choice

Solve the problem.
-Tuition of $3500\$ 3500 is due when the spring term begins, in 2 months. What amount should a student deposit today, at 8%8 \% , to have enough to pay tuition?


A) $3240.74\$ 3240.74
B) $3453.95\$ 3453.95
C) $3476.82\$ 3476.82
D) $46.05\$ 46.05

Correct Answer:

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