Question

Claire wants to buy a car when she graduates from North State University four years from now. She believes that she will need $30,000 to buy the car.

Required
a. Calculate how much money Claire must put into her savings account today to have
$30,000 in four years, assuming she can earn 8% compounded annually.
b. Calculate how much money Claire must put into her savings account today to have
$30,000 in four years, assuming she can earn 8% compounded semi-annually.



$1.99
Sales2
Views134
Comments0
  • CreatedFebruary 21, 2014
  • Files Included
Post your question
5000