Question
Diana wants $14,000 saved in 4 years to make a down payment on a house. How...
Diana wants $14,000 saved in 4 years to make a down payment on a
house. How much money should she invest now at 2.4% compounded
annually in order to meet her goal?
Homework Answers
Answer #1
Money should be invested calculation by compound interest formula.
Money she should invest is $12733
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