Question

3. On Bob's 10th birthday, his grandmother invested $1,500 in an account * 21

that was locked into a 12.5% interest rate, compounded quarterly. Will he
have enough for a $2500 down payment for his first car on his 16th
birthday?

Answer 1

Answer: not sure. but as long as he saves his money wisely and doesn't spend frivilously

Explanation: