NTG1222 NTG1222
  • 19-03-2018
  • Mathematics
contestada

Mike needs $41,300 to purchase a boat. How much money will he need to invest today in a savings account earning 3.7% interest, compounding quarterly, to have enough money to purchase the boat in 15 years.

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bellabubbles10
bellabubbles10 bellabubbles10
  • 19-03-2018
Subtract the interest and the need then divide with 15
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