Asked by Gabriel
Use the savings plan formula to answer the following question.
You want to purchase a new car in 5 years and expect the car to cost $73,000. Your bank offers a plan with a guaranteed APR of 5.5% if you make regular monthly deposits. How much should you deposit each month to end up with $ 73,000 in 5 years?
You want to purchase a new car in 5 years and expect the car to cost $73,000. Your bank offers a plan with a guaranteed APR of 5.5% if you make regular monthly deposits. How much should you deposit each month to end up with $ 73,000 in 5 years?
Answers
Answered by
mathhelper
This is the same type of question I answered for you before.
Did you even look at it ????
Did you even look at it ????
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