If you want to have 12,500 in 57 months, how much money must you ...

[PhilipSeeMore]

If you want to have 12,500 in 57 months, how much money must you put in a savings account
  today? Assume that the savings account pays 4.5 and it is compounded quarterly; round to
  nearest 1.
 
  A) 10,387 B) 8,459 C) 11,129 D) 10,106

Question 2

Effective budgeting in an expense area will lead to a zero variance at year end.
 
  Indicate whether the statement is true or false

[wilsonbho]

Answer to Question 1

D

Answer to Question 2

TRUE

[PhilipSeeMore]

Thanks for the timely response, appreciate it

[xthemafja]

TYSM