Question: You need to have $ 3 4 , 2 5 0 in 9 years. You can earn an annual interest rate of 4 percent for

You need to have $34,250 in 9 years. You can earn an annual interest rate of 4 percent for the first 5 years, and 4.6 percent for the next 4 years. How much do you have to deposit today?
Multiple Choice
$23,599.53
$22,849.43
$23,516.20
$24,063.60
$24,456.85
 You need to have $34,250 in 9 years. You can earn

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