Register

Select the correct answer. To have $25.000 to spend on a new car in five years, how much money should fill invest today at 8% compounded monthly?

Select the correct answer. To have $25.000 to spend on a new car in five years, how much money should fill invest today at 8% compounded monthly?
asked 62.2k views
19 votes
Select the correct answer.

To have $25.000 to spend on a new car in five years, how much money should fill invest today at 8% compounded monthly?

asked
User Kirby
by
8.5k points

1 Answer

11 votes

Answer:

$16,780

Explanation:

answered
User HamSh
by
7.9k points
← Prev Question Next Question →

No related questions found

Ask a Question
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.

Categories

Other Questions

How do you can you solve this problem 37 + y = 87; y =
What is .725 as a fraction
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
Link Copied!