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The cost of utilities, taxes and maintenance on a home is $3,000 per year. Calculate the amount of money
that would have to be invested now at 8% annual interest rate to cover these expenses for the next 5 years.
3,000*((((1+.08)^5)-1)/.08)=17,599.80
The cost of utilities, taxes and maintenance on a home is $3,000 per year. Calculate the amount of money
that would have to be invested now at 8% annual interest rate to cover these expenses for the next 5 years.
3,000*((((1+.08)^5)-1)/.08)=17,599.80
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