Asked by Anoymous
rosa needs $4,000in three years to make a down payment on a car how much must she invest today is she reeceives 0.5% interest annually compounded annually.
Answers
Answered by
Reiny
P(1.005)^3 = 4000
P = 4000/(1.005)^3
= 3940.60
P = 4000/(1.005)^3
= 3940.60
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.