Elisa is a freshman in high school and would like to have $15,000 in 4 years to
Question:
Elisa is a freshman in high school and would like to have $15,000 in 4 years to buy a car for college. How much should she invest monthly in a sinking fund with a 6% interest rate compounded monthly to accumulate $15,000 in 4 years?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
A Survey of Mathematics with Applications
ISBN: 978-0134112107
10th edition
Authors: Allen R. Angel, Christine D. Abbott, Dennis Runde
Question Posted: