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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
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