youngsmokee630 youngsmokee630
  • 21-03-2020
  • Mathematics
contestada

Mathew knows the he will need to buy a new car in 4 years. The car will cost 15,00 by the. How much should he invest now at 10%, compound quarterly so that he will have enough to buy a new car

Respuesta :

amna04352
amna04352 amna04352
  • 21-03-2020

Answer:

$1010.44

Step-by-step explanation:

1500 = X(1 + 0.1/4)¹⁶

X = 1500/(1.025¹⁶)

X = $1010.4374

Answer Link

Otras preguntas

1) 6x+7y=-9 -4x-5y=5
The type of protozoan that uses psuedopods (false feet) to move is a. a ciliate protozoan. b. an amoeboid protozoan. c. a sporozoan. d. an algae
In 'Flowers for Algernon' what is Charlie Gordon's birthday and hometown?
In gym class, you run 3/5 mile. Your coach runs 10 times that distance each day, How far does your coach run each day?
What disadvantage did the patriots face in fighting the British ??????
Principal of $1700 is invested at 8.2% simple interest, paid annually, for 7 years.What is the rate of return
how might a suit of armor be a good analogy for function  of the skeletal system
Describe a disadvantage of marsupial development.
how do i solve this n+1/7=2/3
In Mendel’s initial experiments, an example of the F2 generation would be a. 75 round seed plants to 25 wrinkled seed plants b. 75 green seed plants to 25 yello