crystalquick crystalquick

08-05-2017
Mathematics

contestada

Aaron needs $17,450 to purchase a motorcycle. How much money will he need to invest today in a savings account earning 3.8% interest compounded monthly to have enough money to purchase the boat in six years? (show work)

A= $1190.11
B= $13,897.37
C= $17,056.70

Respuesta :

Aliwohaish12 Aliwohaish12

09-05-2017

P=17,450÷(1+0.038÷12)^(12×6)
p=13,897.37

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