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Title: Maria has just received an inheritance of $89,218 and she is going to invest the money today at ... Post by: mombefor78 on May 29, 2023 Maria has just received an inheritance of $89,218 and she is going to invest the money today at 10.5% compounded monthly. This money must provide her with $75,000 in eight years and $100,000 in twelve years. If the $89,218 isn't enough, she will add to the investment now from her other savings. If the $89,218 is more than enough she will spend the extra money. Which of the following statements is true?
▸ She must add $11,674 to the $89,218. ▸ She must add $85,782 to the $89,218. ▸ She has exactly the right amount of money now. ▸ She can spend $137,812 of the $89,218. ▸ She can spend $28,200 of the $89,218. Title: Re: Maria has just received an inheritance of $89,218 and she is going to invest the money today at ... Post by: sbbalt on May 29, 2023 Content hidden
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