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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