Question: Peter wants to buy a tablet computer with a cost of $1,200. If Peter has $950 invested today, and the annual interest rate is 6.5%,
Peter wants to buy a tablet computer with a cost of $1,200. If Peter has $950 invested today, and the annual interest rate is 6.5%, how long will Peter have to wait before he has enough money to buy the tablet computer? O a. 1 year and 3 months O b. 2 year and 6 months Oc. 3 year and 1 months. O d. 3 year and 7 months O e. 3 year and 9 months
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
