Jenny wants to purchase a land valued at $30,000 in the next 5 years. She can...

 

Transcribed Image Text:

Jenny wants to purchase a land valued at $30,000 in the next 5 years. She can invest in a project that will yield interest at 6% p.a. How much must she invest annually? (5pts) Jenny wants to purchase a land valued at $30,000 in the next 5 years. She can invest in a project that will yield interest at 6% p.a. How much must she invest annually? (5pts)

Answer rating: 100% (QA)

Jenny wants to purchase land valued at 30000 in 5 years and she is looking to invest annually in a p... View the full answer