Question

Tina Turner received a $10,000 gift from her grandfather Ike. She wants to invest the full amount for use as part of a down payment on a house that she plans to purchase in 4 years. What type of computation should she use to determine how much she will have after 4 years? Group of answer choices

Answer 1

Answer:

she should use the Future value of single amount to determine how much she will have after 4 years.

Explanation:

Tina has single amount of $10000 that will be used in 4 year time to buy a house. So, Tina has to find out the future value of $10000 to find out how much she will be having after the 4 years.