Question

Betsy inherits 1500 and would like to put some of it away for a down payment on a house in 8 years. if she would like to have 25000 for the down payment, how much of her inheritance must she invest at 9.2% a compounded quarterly

Answer 1

Please tell me where to invest at a 9.2% apr rate -- much less where it's compounded quarterly.

Answer 2

i don't know , but here is the question again.
Betsy inherits $15 000 and would like to put some of it away for a down
payment on a house in 8 years. If she would like to have $25 000 for the
down payment, how much of her inheritance must she invest at 9.2%/a
compounded quarterly?