Asked by Peter
Myrna Lewis wishes to have $4,000 in four years to tour Europe. How much must she invest today at 8% interest compounded quarterly to have $4,000 in four years?
Answers
Answered by
Steve
x(1+.08/4)^(4*4) = 8000
Now just solve for x
Now just solve for x
There are no AI answers yet. The ability to request AI answers is coming soon!
Submit Your Answer
We prioritize human answers over AI answers.
If you are human, and you can answer this question, please submit your answer.