How much money would need to be deposited into an account earning 5.25% interest compounded annually in order for the accumulated value at the end of 25 years to be $75,000? a. $20,243.85 b. $20,869.34 c. $57,142.86 d. $67,245.61 Please select the best answer from the choices provided A B C D

answer: Sales tax is an amount added to a price to get the total. We multiply by the decimal for the percent; this means we divide the percent by 100 before we multiply. Once we multiply, this gives us the amount of sales tax. We add this to the price of the item to get the total purchase price.